Good morning Everyone
Let's discuss the recent price action in Bitcoin. BTC failed to hold the local support at $114.7k and the breakout above $116.5k proved to be a bull trap, leading to a swift reversal.
The current price action suggests a move toward the $113k support zone. I'll be looking to enter a long position around this level.
Also , the liquidity map shows a significant cluster of stop-losses and pending orders at $112.9k, a prime target for a liquidity grab before a potential bounce.
Our previous long position was stopped out at a 2% minimal loss, which is a part of the game. I'm currently monitoring the market and refraining from opening new, aggressive trades until a clearer setup emerges. As always, patience remains a key component of my trading strategy.
Let's discuss the recent price action in Bitcoin. BTC failed to hold the local support at $114.7k and the breakout above $116.5k proved to be a bull trap, leading to a swift reversal.
The current price action suggests a move toward the $113k support zone. I'll be looking to enter a long position around this level.
Also , the liquidity map shows a significant cluster of stop-losses and pending orders at $112.9k, a prime target for a liquidity grab before a potential bounce.
Our previous long position was stopped out at a 2% minimal loss, which is a part of the game. I'm currently monitoring the market and refraining from opening new, aggressive trades until a clearer setup emerges. As always, patience remains a key component of my trading strategy.
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TRADES UPDATE ❗️
Bitcoin ($BTC): The current price action for Bitcoin is facing a key resistance point at $113.3k. A decisive break above this level is required to initiate a significant upward movement. The asset is holding critical support at $112k, contributing to the recent period of consolidation and price choppiness.
Ethereum ($ETH): Ethereum continues to respect its established support level and is positioned for a potential reversal. Its performance is currently correlated with and constrained by Bitcoin's indecisive trading range. Should Bitcoin show a positive breakout, Ethereum is well-positioned to lead the subsequent market rally.
Trading Strategy: Our strategy remains consistent: we will hold our current positions and refrain from taking new ones. Our analysis suggests that the current price levels are an accumulation phase, designed to trap both long and short positions. We will continue to prioritize sound risk management above all else.
Bitcoin ($BTC): The current price action for Bitcoin is facing a key resistance point at $113.3k. A decisive break above this level is required to initiate a significant upward movement. The asset is holding critical support at $112k, contributing to the recent period of consolidation and price choppiness.
Ethereum ($ETH): Ethereum continues to respect its established support level and is positioned for a potential reversal. Its performance is currently correlated with and constrained by Bitcoin's indecisive trading range. Should Bitcoin show a positive breakout, Ethereum is well-positioned to lead the subsequent market rally.
Trading Strategy: Our strategy remains consistent: we will hold our current positions and refrain from taking new ones. Our analysis suggests that the current price levels are an accumulation phase, designed to trap both long and short positions. We will continue to prioritize sound risk management above all else.
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Good Morning
Market analysis suggests a potential shift in momentum.
The #TOTAL2 market cap has reached a significant support level, indicating a possible reversal that could provide some much-needed relief to the altcoin market.
Furthermore, #TOTAL3 is also showing promising signs, having consistently held above its 50-EMA-D for the past three months. This resilience suggests a solid foundation at its current level.
Yesterday's market movements, particularly with Bitcoin, presented a challenge, affecting the Dogecoin trade. However, these are common fluctuations in the dynamic world of trading. With a resilient mindset, Let's capitalize on the next opportunity.
Market analysis suggests a potential shift in momentum.
The #TOTAL2 market cap has reached a significant support level, indicating a possible reversal that could provide some much-needed relief to the altcoin market.
Furthermore, #TOTAL3 is also showing promising signs, having consistently held above its 50-EMA-D for the past three months. This resilience suggests a solid foundation at its current level.
Yesterday's market movements, particularly with Bitcoin, presented a challenge, affecting the Dogecoin trade. However, these are common fluctuations in the dynamic world of trading. With a resilient mindset, Let's capitalize on the next opportunity.
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Trader Cool
$MANA Shorted now 🔹Entry @ 0.2879 🔹SL : 0.2930 (1.7%) Eyes on easy invalidations, 4h closing above 0.2894 (-0.5%) make the trade invalid & we will close the trade in minimal loss. GM & All the best
$MANA ~ UPDATE
🔹2% Down from Entry, 1.2R Done ✅
🔹Locking TP-1 Here
Good Night, will trade tommorow.
🔹2% Down from Entry, 1.2R Done ✅
🔹Locking TP-1 Here
Good Night, will trade tommorow.
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I have been patiently waiting for the monthly close, as the market remains uncertain with BTC consolidating between a key resistance and support level. The monthly closing will provide better clarity on the next direction.
In the meantime, I identified a promising setup on XLM, which will likely be my last trade for this month. The opportunity presented itself with very limited risk exposure, which is why I decided to take the position.
In the meantime, I identified a promising setup on XLM, which will likely be my last trade for this month. The opportunity presented itself with very limited risk exposure, which is why I decided to take the position.
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Trader Cool
$XLM Longed now 🔹Entry @ 0.3632 🔹SL : 0.3578 Going with 1.5% extreme tight Stoploss, Worth to take the risk in it. It should show some reversal from here as BTC.D reaches it's resistance again. Going with lower leverage. Just manage your risk properly
$XLM update
Yeah , Got the move 🎯
👉+2R Done ✅
👉Grabbed TP-1 here 🔒
Congratulations 🥂
Yeah , Got the move 🎯
👉+2R Done ✅
👉Grabbed TP-1 here 🔒
Congratulations 🥂
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Trader Cool
$ETH Longed Now 🔹Entry @ 4,489 🔹SL : 4,402 Going with just 1.9% stoploss, expecting it to start the rally again. Manage your risk properly. All the best Sorry for being absent from last few days as i was ill & suffering from high fever. Hope you guys are…
$ETH Update
🔹+1R Done ✅
🔹+2% Move grabbed 🔥
Locking some partial gains here at the current range & leaving rest for the further upside move
🔹+1R Done ✅
🔹+2% Move grabbed 🔥
Locking some partial gains here at the current range & leaving rest for the further upside move
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Trader Cool
Shorted BTC here Entry @ 124,315 SL - 126,174 Going with just 1.5% of SL. Taking little risk only at the ATH All the best
$BTC UPDATE
Haha ! Who saw it coming ? 🤫
🔹+1R Done ✅ 1.5% Move Grabbed
Grabbing partial gains here & leaving rest for the further move 🤝
Haha ! Who saw it coming ? 🤫
🔹+1R Done ✅ 1.5% Move Grabbed
Grabbing partial gains here & leaving rest for the further move 🤝
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Good Evening Everyone
$TOTAL2 (ALTCOIN UPDATE)
The ALTCOIN MARKET CAP is looking absolutely insane right now!
I’m closely eyeing that $1.72T resistance , once we break and get a solid 4H candle close above it, things could explode! 🚀
That breakout could trigger a massive altcoin rally, and I’m ready for it.
Keeping a sharp watch on the charts and already scouting some strong alts to jump in early!
$TOTAL2 (ALTCOIN UPDATE)
The ALTCOIN MARKET CAP is looking absolutely insane right now!
I’m closely eyeing that $1.72T resistance , once we break and get a solid 4H candle close above it, things could explode! 🚀
That breakout could trigger a massive altcoin rally, and I’m ready for it.
Keeping a sharp watch on the charts and already scouting some strong alts to jump in early!
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