#BTC did took a retest back as expected but nearly reached the mentioned levels. Price kinda move in low volume since a day now, most likely it gonna dip down to the support. Daily TF kinda bullish, so we created a fresh support then we can expected the price to push higher.

#ICP gave a break below of the bear flag pattern and kinda hodling the structural support zone around $4.80. Also, price did gave break of the falling wedge pattern, so wait for the either side breakout to happen.

ADA is again testing the resistance area. Wait for a breakout above this resistance area for new entries. If you have long positions then book some profit here.

The current #NUPL value of 0.29 is positioned towards the lower range of the equilibrium phase, a zone that has been observed during 37.5% of all #Bitcoin trading days. This particular zone was initially reached in early #March 2023 and remained consistent for approximately 16 months in the previous two #cycles.

#NUPL breaking below 0.25 would indicate that market profitability has declined back into the #Capitulation and Recovery phase, and may suggest weakness.

The Net Realized Profit / Loss sent to Exchanges has reached an equilibrium point, recording a marginal netflow of only -$420K.

When compared to the Bull and Bear Market peak of +$389M and -$205M respectively, the current netflow experienced remains subdued, with the rare indecisiveness of Exchange flows suggesting volatility is on the horizon.

What's is #NUPL (Net Unrealized Profit/Loss) ?

NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss. Net Unrealized Profit and Loss (#NUPL) is the difference between market cap and realized cap divided by market cap.

Assuming that the latest #coin movement is the result of a purchase, #NUPL indicates the total amount of profit/loss in all the coins represented as a ratio.

It could be interpreted as the #ratio of investors who are in profit.

To make it Simpler for you, Any Values over '0' indicate investors are in #profit and an increasing trend in value means more #investors are beginning to be in #profit.

This phase indicates the increasing reason to take #profit which leads to an increase in sell pressure.

SCALP TRADE SETUP:

#NEAR/USDT Short Call:

Enter: Market

Targets:
1) 1.5971
2) 1.582
3) 1.5681

Risk: Medium to High
Advised Leverage: 5X to 8X

SCALP TRADE SETUP:

#JASMY/USDT Short Call:

Enter: Market

Targets:
1) 0.0045
2) 0.0045
3) 0.0045

Risk: Medium to High
Advised Leverage: 5X to 8X

Here's the Analysis of #FIL :

#FIL is been the major resistance zone of $4.80 - $4.94 after being breaking the consolidation range. Right now, its a strong area, so wait for a flip above the zone or a rejection from here. Thereafter we can look for potential setups in LTF.

IOST analysis:

IOST is trading in a falling wedge pattern. Price need to break the $0.0098 resistance area to bring some upward movement. Wait for a clear breakout above the resistance area for new entries. The support is $0.0089 and a break below this will bring a heavy dump in IOST.

SCALP TRADE SETUP:

#ONT/USDT Short Call:

Enter: Market

Targets:
1) 0.2281
2) 0.2259
3) 0.224

Risk: Medium to High
Advised Leverage: 5X to 8X

SCALP TRADE SETUP:

#OMG/USDT Short Call:

Enter: Market

Targets:
1) 0.7662
2) 0.7589
3) 0.7523

Risk: Medium to High
Advised Leverage: 5X to 8X

SCALP TRADE SETUP:

#TRB/USDT Short Call:

Enter: Market

Targets:
1) 11.6252
2) 11.5154
3) 11.4141

Risk: Medium to High
Advised Leverage: 5X to 8X

SCALP TRADE SETUP:

#ZIL/USDT Short Call:

Enter: Market

Targets:
1) 0.0231
2) 0.0228
3) 0.0227

Risk: Medium to High
Advised Leverage: 5X to 8X

SCALP TRADE SETUP:

#AUDIO/USDT Short Call:

Enter: Market

Targets:
1) 0.237
2) 0.2347
3) 0.2326

Risk: Medium to High
Advised Leverage: 5X to 8X

Price was rejected from the resistance level and dumped hard from there. The price tested the $27,000 support area as expected. If the price break below $27,000 then we see a test of the major support area of $26,000.

#Bitcoin didn't formed any Support and Daily TF and Started pushing lower. Price break below the support area, and kinda making messy price action, just moving back and forth of the area,. This might turned it into the fake-out and test the lower support around $26,570.

Wallet Maintenance for BNB Smart Chain (BEP20) - 2023-05-31

Deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from 2023-05-31 05:55 (UTC).

SCALP TRADE SETUP:

#WOO/USDT Short Call:

Enter: Market

Targets:
1) 0.219
2) 0.2168
3) 0.215

Risk: Medium to High
Advised Leverage: 5X to 8X

AVAX is now testing the major support area. Price need to hold this support otherwise we see a dump toward the $11.50 support area. You can open a long position here with tight stop loss.