Bitcoin had a strong rise on the weekly chart, but now it's showing uncertainty with a doji candle near the retest area. There's 16 hours left before the candle closes. Will the buyers push the price higher, or are we looking at a possible downturn? Get ready for some action! Predictions:
1. Bullish Scenario: If the candle closes above the retest zone, it might signal further upward movement, encouraging more buyers to enter the market. 2. Bearish Scenario: If the candle closes below the retest zone, it could indicate a potential correction, leading to a drop in Bitcoin's price. 3. Sideways Movement: The market might remain uncertain, leading to a period of consolidation where prices don't move significantly in either direction.
XMR/USDT ⚙️ Quiet Breakout Setup 💰 Current Price: $406.78 (+4.40%)
📊 Market View: Price bounced strongly from $387 and is now testing the $409 resistance. Volume is increasing, and RSI is slightly bullish. The market is quietly building pressure.
🔹 Trade Setup (Buy only after breakout): • Entry: After 1-hour candle closes above $410 • Target 1 (TP1): $422 • Target 2 (TP2): $436 • Target 3 (TP3): $448 • Stop Loss (SL): Below $397 on a 1-hour close
💡 Pro Tip: The breakout is more reliable if the 1-hour candle volume is over $3M. Low volume breakouts may be fake, so wait for confirmation.
📝 Summary: XMR is near resistance and preparing for a breakout. If confirmed, there’s good potential for upward movement. Be patient—let volume and price action guide your entry.
Current Price: $2.014 (+4.95%) $DEGO is showing strength after bouncing from $1.90 and is now testing the $2.01 level again. This could mean it’s ready to go higher!
📈 Market Insight: After the recent drop, a bullish pattern has formed, showing that buyers are stepping in. If the price stays above $2.00 and volume increases, there’s a good chance it will keep moving up.
Pro Tip: Look out for a strong hourly close above $2.02 with more trading volume—that could confirm a breakout.
Stay alert, bulls—DEGO might be ready to move up again! 🐂📊