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Ir@n has announced a $1 per barrel tax on oil passing through the Strait of Hormuz. According to British media, Hamid Hosseini, spokesperson for the Ir@nian Petroleum Exporters Union, stated that this toll tax will be collected from oil tankers in cryptocurrency. He added that Ir@n intends to review every vessel passing through the Strait of Hormuz and charge a fee accordingly.
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- Given the heavy bearish structure, I expect price to test or briefly pierce below 0.4702 to sweep liquidity.
- If a bullish reversal formation appears (like a strong pin bar or engulfing candle after the sweep), I would look for a long towards 0.7680 and 1.0040.
- If price fails to show a clear reversal and stays under 0.4702, bears remain in control and the downtrend could extend further.
- To take the long, wait for a powerful lower timeframe reversal or a sharp reclaim of 0.4803 after a liquidity grab. Example: If you see price wick below 0.4702, then close back above 0.4803 with strong volume, that’s a sign bulls are stepping in.
- If the price closes decisively below 0.4702 without any reversal, my bias remains bearish and I would not look for longs until a proper bottoming formation is visible. $IP
$BTC 1D Read: - I expect Bitcoin to remain bullish in the short term, especially if it holds above the 70,012–69,310 support zone. If this area gives a bullish reversal signal, the price is likely to push first towards 72,857, then test the 76,000 resistance, and potentially higher if momentum sustains.
- If price fails at 76,000 with clear rejection, I would then expect a reversal towards the supports at 72,857 and 70,012.
- For a bullish trade: Wait for a strong bullish candle at support, enter on the close, target the outlined resistances, and set your stop below the swing low of the entry candle.
- For a bearish move: Only consider shorts if there is a strong rejection and confirmation above 76,000, signaled by a sharp reversal pattern.
- My bias will flip bearish if price loses 69,310 and closes below 65,712, at which point the next downside targets become 65,000 and 62,510.
💥 6.7% Dump & 3.6x Volume Spike on $OXT , panic or opportunity?
- After such a violent move with a huge volume spike, more downside is likely, but this is not the best place to open fresh shorts — you want a better entry on a bounce.
- My preferred scenario: Wait for price to bounce up toward 0.0138 to 0.0143. If you see clear rejection (such as a long upper wick, bearish engulfing, or failure to reclaim support), consider entering a short. First target would be a retest of 0.0113 and potentially lower, around 0.0110 or even a spike toward 0.0100. Place your stop-loss at a swing high above your entry.
- If, instead, price sweeps the new low (below 0.0110) and then sharply reverses with a strong bullish candle (engulfing or pin bar) on the 5m–15m, you might see a short-term bounce back to fill the inefficiencies toward 0.0138 before the next leg down.
- If price can reclaim and hold above 0.0143, with bullish structure, my bearish view would be invalidated and I’d look for a corrective move higher, possibly toward 0.0150–0.0158. - This dump and volume spike most likely indicate a combination of panic selling and stop hunts, but there is no clear bottoming signal yet — more downside or choppy consolidation is probable.
📝 This is not investment advice, only an educational report. Please use proper risk management and wait for confirmation before taking any trade. $OXT
- I expect the price to try and hold above the 0.01701–0.01711 support zone, with a bounce likely if a bullish reversal is confirmed in this area.
- First target to the upside is 0.01780. If that breaks with momentum, the next level to watch is 0.01834.
- For a safe long trade, wait for a clear bullish candlestick pattern or strong reversal signal on the lower timeframes at the 0.01701–0.01711 demand zone. Do not jump in blindly—look for confirmation like a pin bar, bullish engulfing, or a sharp low-timeframe reversal.
- Stop-loss should be set below the swing low (0.01687 or lower).
- If price closes below 0.01687, the bullish scenario is invalidated and I would expect a move toward 0.01614, where a new setup could be considered.
- If the price fails to break above 0.01780 with conviction, expect further chop or possible retest of the lower supports. $SUN
- With bullish momentum indicators picking up and price hovering just above a strong demand area, I am looking for a potential bounce and reversal to the upside.
- If price dips below 0.248 but quickly reclaims it with strong buying (such as a reversal wick or bullish engulfing formation), I expect a move first toward 0.286, then possibly 0.348 and 0.386 if momentum continues.
- Wait for clear confirmation before entering (bullish pin bar, engulfing, or strong volume reversal after sweeping the lows).
- If price loses 0.220 and 0.193 with strong momentum, this bullish bias is invalidated and I’d step aside or look for further downside targets.
- The most ideal entry scenario: Price manipulates below 0.248, prints a major reversal candle, and closes above 0.255, confirming buyer strength.
- This trade setup favors a patient, confirmation-based entry for a swing move higher, but keep stops below significant demand to avoid getting swept out by volatility. $PYR
- This explosive move and massive volume are most likely a stop hunt combined with some accumulation, but it’s not a confirmed trend shift yet. The real test is if price retests and holds above 0.02241 or 0.02189.
- I would NOT long at the top after such a vertical spike. Instead, I’d wait for price to pull back into 0.02241 or (ideally) 0.02189–0.021, and only long after a clear bullish reversal pattern forms at one of these levels.
- Entry plan: If price dips to 0.02241 or as low as 0.02189, wait for a pin bar, bullish engulfing, or a strong reversal on 5m before entering long. Take profit at 0.02313, 0.02351, and 0.02413. Stop-loss should be placed just below the swing low that forms the reversal.
- If price rips above the most recent high without any pullback or clear confirmation, I’d avoid chasing as this could be a bull trap, especially with ADX showing weak momentum.
- If price closes below 0.021, I’d abandon the long bias and expect sellers to take back control. 📝 This is not investment advice, just an educational analysis! Stay safe and always wait for confirmation before entering on hype or volume spikes. $IRYS