Swati Singh
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Based on the 1-hour chart of BNB/USDT
$BNB
Directional Bias: Bullish (Correction Likely Completed)
Price Action Justification:
1. Trendline Support Respect:
Price pulled back into the ascending trendline and showed a rejection wick around the 61.8% Fibonacci retracement, which suggests strong buying interest.
This level often acts as a high-probability reversal zone in uptrends.
2. Healthy Pullback in Bullish Structure:
The market remains in a clear uptrend with higher highs and higher lows.
This pullback resembles a bullish flag or ABC corrective structure, now potentially resuming the uptrend.
3. Key Candle Reaction (Wick Rejection):
The latest candle has a long lower wick, indicating that buyers stepped in aggressively at the 650–652 zone.
4. Fibonacci Confluence Zone:
The 61.8% retracement (around 652) aligns with trendline support, creating a technical confluence.
A bounce here is a typical buy-the-dip opportunity in a trending market.
Key Levels to Watch:
Immediate Resistance:
655.30–656.50 (38.2% Fib + recent support now acting as resistance)
669.40 (swing high)
Support Levels:
652.00 (current bounce area & 61.8% Fib)
645.00 (78.6% Fib)
Break below 645 invalidates short-term bullish bias
Strategy Summary:
Bias: Bullish continuation above 652 support
Setup Idea: Long entries on confirmation candle above 656.50 or retest near 652 with target at 668–670
Invalidation: Strong 1h candle close below 645
#bnb #TradeOfTheWeek #trending #bullish #TradingSignals
$BNB
Directional Bias: Bullish (Correction Likely Completed)
Price Action Justification:
1. Trendline Support Respect:
Price pulled back into the ascending trendline and showed a rejection wick around the 61.8% Fibonacci retracement, which suggests strong buying interest.
This level often acts as a high-probability reversal zone in uptrends.
2. Healthy Pullback in Bullish Structure:
The market remains in a clear uptrend with higher highs and higher lows.
This pullback resembles a bullish flag or ABC corrective structure, now potentially resuming the uptrend.
3. Key Candle Reaction (Wick Rejection):
The latest candle has a long lower wick, indicating that buyers stepped in aggressively at the 650–652 zone.
4. Fibonacci Confluence Zone:
The 61.8% retracement (around 652) aligns with trendline support, creating a technical confluence.
A bounce here is a typical buy-the-dip opportunity in a trending market.
Key Levels to Watch:
Immediate Resistance:
655.30–656.50 (38.2% Fib + recent support now acting as resistance)
669.40 (swing high)
Support Levels:
652.00 (current bounce area & 61.8% Fib)
645.00 (78.6% Fib)
Break below 645 invalidates short-term bullish bias
Strategy Summary:
Bias: Bullish continuation above 652 support
Setup Idea: Long entries on confirmation candle above 656.50 or retest near 652 with target at 668–670
Invalidation: Strong 1h candle close below 645
#bnb #TradeOfTheWeek #trending #bullish #TradingSignals
Based on the 1-hour chart of LTC Perpetual Futures $LTC
Directional Bias: Bullish (Short-Term Pullback Completed)
Price Action & Structure Justification:
a) Trendline Respect with Bullish Wick
Reaction:
Price sharply pulled back to a well-defined ascending trendline and showed strong wick rejection near the 61.8% Fibonacci retracement, indicating active buyers at that level.
This is a classic bullish continuation setup after a healthy correction in an uptrend.
Higher Highs & Higher Lows Intact:
a) Despite the drop, the market structure remains bullish as long as price stays above the 100.00 psychological level and ascending trendline.
This is a bullish flag/pullback within an uptrend—common in trending markets.
Dynamic Support (EMA Interaction):
The price is hovering around short-term moving averages which could act as dynamic support.
Fib Confluence Zone:
Price dipped into the 50%–61.8% Fib retracement zone, typically a high-probability area for trend continuation.
The bullish wick reaction around this zone indicates liquidity grab and buyer re-entry.
Key Levels to Watch:
Immediate Resistance: 102.50–103.50 zone (near 38.2% Fib and recent consolidation highs)
Support Levels:
100.00 (psychological + 61.8% Fib + trendline)
98.80 (78.6% Fib, break below this invalidates current bullish bias)
Trade Strategy Summary:
Bias: Bullish continuation expected if price holds above 100.00 and confirms above 102.30.
Idea: Long on pullback retest of 101.20–101.50 zone, targeting 104.50–106.50.
Invalidation: Strong close below 98.80 trendline + Fib confluence.
#LTC #bullish #TradeOfTheWeek #Trending #TradingSignals
Directional Bias: Bullish (Short-Term Pullback Completed)
Price Action & Structure Justification:
a) Trendline Respect with Bullish Wick
Reaction:
Price sharply pulled back to a well-defined ascending trendline and showed strong wick rejection near the 61.8% Fibonacci retracement, indicating active buyers at that level.
This is a classic bullish continuation setup after a healthy correction in an uptrend.
Higher Highs & Higher Lows Intact:
a) Despite the drop, the market structure remains bullish as long as price stays above the 100.00 psychological level and ascending trendline.
This is a bullish flag/pullback within an uptrend—common in trending markets.
Dynamic Support (EMA Interaction):
The price is hovering around short-term moving averages which could act as dynamic support.
Fib Confluence Zone:
Price dipped into the 50%–61.8% Fib retracement zone, typically a high-probability area for trend continuation.
The bullish wick reaction around this zone indicates liquidity grab and buyer re-entry.
Key Levels to Watch:
Immediate Resistance: 102.50–103.50 zone (near 38.2% Fib and recent consolidation highs)
Support Levels:
100.00 (psychological + 61.8% Fib + trendline)
98.80 (78.6% Fib, break below this invalidates current bullish bias)
Trade Strategy Summary:
Bias: Bullish continuation expected if price holds above 100.00 and confirms above 102.30.
Idea: Long on pullback retest of 101.20–101.50 zone, targeting 104.50–106.50.
Invalidation: Strong close below 98.80 trendline + Fib confluence.
#LTC #bullish #TradeOfTheWeek #Trending #TradingSignals
Based on the 1-hour chart of POL/USDT $POL
Directional Bias: Bullish (with caution)
Key Reasons from Price Action & Structure:
1. Higher Lows on Uptrend Line (Support Held):
The ascending trendline is intact, and the most recent candle shows price respecting this trendline after a dip—suggesting buyers are defending the trend.
2. Fibonacci Retracement Confluence:
Price bounced around the 61.8% and 78.6% Fib zone, a common reversal area.
The wick rejecting this area adds strength to the support zone and indicates potential bullish continuation.
3. Strong Recovery Wick:
Recent candle shows a strong lower wick touching trendline and bouncing back up, signaling buyer interest.
4. Volume & Momentum Context (Implied):
Though volume isn't shown, the wick behavior implies temporary selling exhaustion and buyer interest at key levels.
The EMA shows dynamic support being tested and respected.
Trade Idea: Consider long positions on confirmation candle closing above 0.2580 with target near 0.2630 and tight SL below 0.2550.
#Polygon #Binance #BTC #TrendingTopic #TradeOfTheWeek
Directional Bias: Bullish (with caution)
Key Reasons from Price Action & Structure:
1. Higher Lows on Uptrend Line (Support Held):
The ascending trendline is intact, and the most recent candle shows price respecting this trendline after a dip—suggesting buyers are defending the trend.
2. Fibonacci Retracement Confluence:
Price bounced around the 61.8% and 78.6% Fib zone, a common reversal area.
The wick rejecting this area adds strength to the support zone and indicates potential bullish continuation.
3. Strong Recovery Wick:
Recent candle shows a strong lower wick touching trendline and bouncing back up, signaling buyer interest.
4. Volume & Momentum Context (Implied):
Though volume isn't shown, the wick behavior implies temporary selling exhaustion and buyer interest at key levels.
The EMA shows dynamic support being tested and respected.
Trade Idea: Consider long positions on confirmation candle closing above 0.2580 with target near 0.2630 and tight SL below 0.2550.
#Polygon #Binance #BTC #TrendingTopic #TradeOfTheWeek
On the chart (TRUMP/USDT on the 1-hour timeframe). $TRUMP
Directional Bias: Neutral to Bearish (Short-term)
1. Range-Bound Structure (Consolidation):
a) Price is clearly ranging between two horizontal zones(support and resistance).
b) Multiple wicks on both ends indicate indecision and absorption of liquidity by both bulls and bears.
2. Lower Highs & Weak Rejections at Resistance:
a) Recent highs are failing to break the previous highs, showing selling pressure at the upper range.
b) This suggests bull exhaustion and an increased chance of a breakdown if the lower support fails.
3. Support Testing Repeatedly:
a) The more a level is tested, the weaker it becomes, increasing the probability of a breakdown.
4. EMA Cluster Compression:
a) The short EMAs are converging and turning flat to slightly downward.
b) This reflects a loss of momentum and potential for a directional shift downward.
As long as price remains within this tight range, the bias remains neutral.
#TRUMP #TradingCommunity #trending
#consolidation #BTC
Directional Bias: Neutral to Bearish (Short-term)
1. Range-Bound Structure (Consolidation):
a) Price is clearly ranging between two horizontal zones(support and resistance).
b) Multiple wicks on both ends indicate indecision and absorption of liquidity by both bulls and bears.
2. Lower Highs & Weak Rejections at Resistance:
a) Recent highs are failing to break the previous highs, showing selling pressure at the upper range.
b) This suggests bull exhaustion and an increased chance of a breakdown if the lower support fails.
3. Support Testing Repeatedly:
a) The more a level is tested, the weaker it becomes, increasing the probability of a breakdown.
4. EMA Cluster Compression:
a) The short EMAs are converging and turning flat to slightly downward.
b) This reflects a loss of momentum and potential for a directional shift downward.
As long as price remains within this tight range, the bias remains neutral.
#TRUMP #TradingCommunity #trending
#consolidation #BTC
Bullish on $TRX on 1HR TF.
I will go LONG if it respect the Trendline Support and Crosses the Ema up with a healthy or bullish candlestick. You can go with 1:2 (risk to reward) with a stoploss of previous candle low.
KEEP AN EYE ON THE CHART
#TRX #TrendingTopic #trend #bullish #CryptoComeback
I will go LONG if it respect the Trendline Support and Crosses the Ema up with a healthy or bullish candlestick. You can go with 1:2 (risk to reward) with a stoploss of previous candle low.
KEEP AN EYE ON THE CHART
#TRX #TrendingTopic #trend #bullish #CryptoComeback
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