Today I took a spot trade on STO with my $5 fund hoping to make some profit. The coin pumped a lot, but unfortunately, I entered at the wrong time. The price suddenly dumped very hard and went way too low. Seeing the massive drop, I had to sell my position at a loss.
This was a tough lesson for me. Buying a coin when it is already pumping too much is very risky. Sharing this so others can stay safe from such sudden dumps.
$USUAL is showing solid bullish momentum! It recently broke out of a resistance zone and is now successfully retesting that same zone as support (the marked box). Holding this level perfectly sets it up for another leg up. Great risk-to-reward ratio here! 🟢
🟢 Long Entry Zone: $0.01265 - $0.01275 (CMP: $0.01271)
🎯 Take Profit Targets: TP 1: $0.01280 TP 2: $0.01290 (Previous local high / blue line) TP 3: $0.01305 (Breakout target)
🛑 Stop Loss (Tight): $0.01255 (Just below the support box)
💡 Pro Tip: This is a quick scalp trade based on the S/R flip strategy. Book partial profits at TP1 and move SL to entry to secure your funds. Manage your risk properly. DYOR!
NIGHT is currently dumping even though a massive campaign starts at 3:00 PM (requiring a $500 trading volume). You might be wondering, why is it going down instead of pumping?
This is a classic pre-event trap! Whales are dumping on early buyers and securing their profits before the event even starts. Once the clock hits 3:00 PM, people will just buy and sell immediately to complete the volume requirement. This will create massive selling pressure and insane volatility.
⚠️ My Advice: Avoid trading NIGHT in Futures right now. It's highly manipulated and extremely risky at this moment. Don't be exit liquidity for the whales. Wait for the event to start and let the chart settle down before taking any entry.
NIGHT/USDT is looking bullish on the 15m timeframe. After a quick pump, the price took a healthy correction and is currently holding a strong support zone. It looks perfectly positioned for another bounce upwards.
OPN/USDT 5m chart looks great! The price just bounced perfectly from the strong support zone and is aiming for the upper resistance. Good opportunity for a quick scalp.
OPN/USDT is moving beautifully inside an ascending channel on the 15m timeframe. The price just bounced perfectly from the lower trendline support, making it a great long opportunity.
Reason: SOL is declining after being rejected from the resistance at $94. Now, it has broken the local support at $90.6 and is acting as resistance. Therefore, according to the chart, the next support zone is likely to touch $84.90.
Note: If the ongoing war situation doesn't negatively impact the overall market, technical analysis (TA) will continue to work perfectly for this setup.
Just look at the 1D chart. POWER just dumped almost 90% in a single day! It dropped from $2.57 all the way down to $0.15.
Please stay away from this coin right now. Don't try to "catch the falling knife" by opening random Long positions thinking it's cheap. It's highly volatile and extremely risky at the moment. Let the price settle down and build a structure first.
PHA/USDT 1h chart has received a significant rejection from the top after a large pump. The chart suggests that the market will either take a correction or give a big dump.
According to the chart, EUL/USDT has formed a beautiful "Symmetrical Triangle" or bullish pattern on the 15-minute timeframe. After a significant uptrend, the market was consolidating inside this triangle and is currently attempting to breakout the upper trendline. If the volume is good, a strong pump could be seen from here.
📌 Special Note: If there are no sudden negative news from global or war-related sources affecting the market, I hope that the technical analysis (TA) according to this pattern will work beautifully.
Always follow stop-loss (SL) and proper risk management in any trade. (DYOR)
According to the chart, ROBO/USDT is currently at 61.8% Fibonacci Golden Support (at the level of 0.04795) after a significant uptrend and is trying to hold the support. There is a possibility of a nice bounce from here.
📌 Short Note: The 61.8% Fibonacci level acts as the strongest support in technical analysis (TA). If market conditions remain normal, I expect the price to move upwards from here.
In any trade, be sure to follow stop-loss (SL) and proper risk management. (DYOR)
📌 Special Note: Currently, given the war situation between Iran, Israel, and America, if there is no negative impact on the market or if the market does not dump, then I hope this technical analysis (TA) will work completely.