Many people are just guessing when they enter a trade, and in the end, their Stop Loss (SL) is hit or they are liquidated. However, the person who analyzes the market carefully and waits for a clear setup gets rewarded.
This was my previous analysis that I shared with you all. When $WLFI was retesting after a breakout, no one was talking about it, but I was watching it closely. That's why I observed this beautiful setup and shared it with you in a timely manner.
I will continue working and providing these types of setups to you all, so stay updated! Happy Trading!"
$WLFI Next Move Analysis And Potential Trade Opportunity Alert ‼️ Looking Hot Today Breakout Momentum 🚀.
As We See 👀 On Chart $WLFI Gives A Strong Breakout Above The Channel Pattern After Long Consolidation And Currently Retesting That Same Trendline Good Time For Entering !
Nothing has changed for Bitcoin just yet. We just saw a classic bull trap where long traders were liquidated following a fakeout above the resistance line.
This is exactly why I always stress the importance of waiting for a candle close before entering a trade. By waiting for confirmation, we stayed safe and avoided this trap. While I’ve been monitoring this breakout closely to provide timely updates, I remained patient for a 4-hour candle close above the trendline—and as you can see, it never happened.
Current Outlook:
The Rejection: The candle closed back below the resistance line with a long upper wick, showing strong selling pressure.
Caution for Bulls: Things aren't looking great for the bulls in the immediate short term. If you are in long positions, ensure you have tight Stop Losses (SL) in place.
Key Level: $85,000 is our critical support area. A break below this level will likely trigger a deeper move toward lower price targets.
The daily chart for $TURBO is showing strong signs of a structural shift. After a long period of downward pressure, we are seeing key technical movements that could signal the start of a major bullish shift.
🔍 What the Charts Are Telling Us:
Trendline Breakout: Price has successfully broken above the long-term descending resistance line.
Failed Resistance Flip Red Zone 👇: Following the breakout, the price was rejected from a significant horizontal resistance zone around $0.0028 - $0.0030.
Bullish Consolidation: Currently, $TURBO is consolidating above the previous broken trendline resistance, preparing for its next move.
Volume Insights: The initial breakout saw high volume spikes. The current correction is happening on lower volume, suggesting that the selling pressure is weak and the correction may end soon.
📉 Crucial Levels to Watch:
Immediate Support: $0.001800 - $0.001700. It is vital for the price to hold this level to maintain bullish momentum with higher low.
Demand Zone: If the support breaks, look for the $0.001600 - $0.001300 area as a strong accumulation zone.
Potential Targets at first hurdle : $0.0025 and $0.0030 🎯.
The overall structure hints at a new bullish shift. Since this is a daily chart analysis, it may take some time to play out. Spot holders might consider holding and using corrections for DCA (Dollar Cost Averaging).
$BTC is currently forming a "Falling Wedge" pattern on the 4-hour chart. Although this is typically a bullish continuation pattern, we must consider both scenarios due to the presence of strong horizontal resistance in the same area.
📈 Upside Scenario (To Go Up)
For an upward move, we need a clean breakout from both this pattern and the key horizontal resistance zone at $89,000.
📉 Downside Scenario (Major Correction)
If $BTC fails to break this resistance and instead breaks below the $85,000 support level, then be prepared for a major correction.
This represents a "do or die" situation for BTC: either we see an upside breakout and a continuation of bullish momentum, or a breakdown that signifies a return to bearish sentiment stay prepared👍!...
I Am taking a Buy trade on $ASTER looks good for bounce play 📈‼️
$ASTER almost down 10% and after making a bottom at $0.765 price signals a bounce also we got a MACD bullish crossover in hourly chart expecting a short-term bounce.
The multi-week descending trendline is BROKEN! Price action signals the bearish pressure is over. This is a massive shift in market structure for $ETH and signals a strong move to the upside.
The chart confirms the reversal after establishing a solid low at $2,623. Need a sucessfull retest.
🎯 TARGETS TO WATCH:
TP 1: $3,200
TP 2: $3,400
TP 3: $3,600+
❌ Invalidation: A sharp daily close back below the broken trendline (around $2,830).
The $POL weekly Relative Strength Index (RSI) is showing extreme oversold conditions, currently sitting at 16. This hints at a potential bottom and suggests a high probability of a bounce. Additionally, the price is consolidating near the lower Bollinger Band (BB).
I am buying some and holding it in my spot bag, expecting a good bounce in the upcoming weeks.
Potential Targets 🎯
$0.15
$0.20 (Approximation of the Middle Bollinger Band)
For future long trades, you can wait for a clear breakout above the daily trendline resistance shown in the first chart below!
🚨 Many observers believe that $BTC is breaking below the support level of the "Ascending Triangle" pattern, and they see the current price action as a retest of that broken support, as shown in the first chart below.
However, in reality, $BTC is still holding the pattern's support line! If we remove the parallel channel and draw a simple trendline that includes the wicks, the price is still above the support line and is showing a bounce from that level.
Therefore, overall, $BTC is still trading within an Ascending Triangle pattern, which is typically considered a Bullish Pattern.
Do not go short until the price clearly breaks below the recent swing low of $87,600 👍!...
$BONK is currently consolidating above the trendline resistance on the daily timeframe.
Look at that chart carefully: $BONK has broken out just like its previous moves and is now consolidating above the breakout level. That's the reason I am buying and holding it on the spot bag.
Recovery is on the way! 🐃
Potential Target: 🎯 $0.00001500 to $0.00001800
The fifth zero will soon disappear, but keep in mind this is a daily chart, so it may take some time. Be patient! 👍...