Trade Setup: The Wave V Impulse This setup relies on the price holding Fibonacci retracement level. ✅
If the price drops below the red "invalidation" zone, the trade is dead.❌
• ▶️Entry Range: 5,050,000 – 5,150,000
The "ideal" entry is a break and retest of that red descending trendline.📉
• 🔴Stop Loss (SL): 4,938,000
If the price hits this gold may head toward the next major support (4,800,000).💯
• Take Profit (TP):🎯 • TP 1 (Conservative): 5,600,000
• TP 2 (Main Target): 6,420,000 (The projected Wave 5 peak shown on your chart).
Scenarios to Watch‼️: "Instant Moon" (Green Path🟢): If the price breaks the red diagonal trendline with high volume, it confirms Wave 1 of the new impulse. You can move your Stop Loss to entry (breakeven) once it clears 5,300,000.
2. The "Liquidity Hunt" (Yellow Dotted Path⚠️):
Gold often "double bottoms" to trick traders. It might drop back toward 4,986,000 (the 50% line) one more time before the real rally starts. Don't panic unless it closes below your SL
Bitcoin is showing some serious resilience at the $83,000 mark. After a period of cooling off, we’ve spotted a classic bounce off a rising support trendline. The "Buy the Dip" crowd is stepping in, and the risk-to-reward ratio on this setup looks incredibly sharp.
If the momentum holds, we’re looking at a climb back toward the recent highs.
Here is your game plan:
📉 The Trade Details
• Direction: LONG (Buy) 🟢
• ▶️Entry Zone: $83,100 – $83,300 • Leverage: 10x - 20x (Adjust based on your risk tolerance!)
GUYS THIS IS THE PERFECT TIME TO ACCUMALTE YIUR PORTFOLIO IN THE SAFE HAVENS LIKE $XAU and $XAG this is just a correction bcz of the FOMO that was being built by retailers💯.
$PLAY The price has retraced from its 24h high and is currently sitting on a local support level. The risk-to-reward ratio on this setup looks solid if the support holds.