#PRA
#LPT/USDT analysis -

#LPT is currently making structure of higher highs (HHs) and higher lows (HLs) above the 200 exponential moving average (EMA). Currently, the price is in a correction phase and is trading above a support zone. It is expected to bounce off from there and continue its bullish momentum. Wait for a breakout above the $17.22 level to go long.

TF : 1h
Entry : $17.22
Targets : $19.67
SL : $15.82
@RG_Analitics
Подписаться....

Here's the Analysis of #PENDLE :

#PENDLE just felled hard and broke below support area of $4.06 - 4.13, and testing the zone as resistance now. Well, price is middle of no where and anticipation of moving lower is high but Market conditions is also turning, so waiting for a daily closure would be good to take short.

COMP analysis:

Price is currently trading within a triangle pattern, and a breakout may occur soon. It is advisable to wait for the triangle pattern to break before making new entries.

Support Area: $53.00-$53.50

Resistance Area: $58.00-$60.00

#PRA
#GMT/USDT analysis -

#GMT is forming lower lows (LLs) and lower highs (LHs) below the 200 exponential moving average (EMA). The price is currently facing rejection and reversing from the resistance zone. It is expected to continue bearish momentum and will likely to form new low.

TF : 1h
Entry : $0.2074
Target : $0.1931
SL : $0.2170
@RG_Analitics
Подписаться....

#BTC made a jump from here and with the session and hits the $63,500 and now correcting. Price made a Equals High and you know price moves from liquidity pool to another pool. Also we, have a news event today, so expected some movement with NY open.

Bitcoin bounced from the support area but was unable to keep the upward momentum. Price is now slowly going towards the support area and we may see a bounce from there. Today is FOMC meeting and we are expecting high volatility in the market.

#BTC.D UPDATE :

#BTC.D made a short-term up move with the #BTC in short span of time and made a new Higher High. Alts should dip lower, but moves was adjusted. Now, Index is above support, so we can see consolidation or correction in alts again. Nothing looks good above the support, must break it.

ETC is currently testing the support area as expected. It is advisable to open small long positions in the support area. There might be some accumulation at the support before the next upward movement. The support and resistance levels remain the same.

#US30 UPDATE :

#US30 goes as the plan and LTF buys plays good as well. Now its again up over the resistance and hodling the price. Now a clean retest should be taken for buys continuation and in case, price misses the zone, then you can go with LTF market structure break.

Having identified Short-Term Holders at a loss as a key group, we'll utilize Glassnode's new Breakdown metric suite to analyze their cost basis.

The cost basis of the 1m-3m 🟠 and 3m-6m 🟡 cohorts among newer investors provides valuable insights into bull and bear market structures. Additionally, the cost basis of the 1w-1m 🔴 cohort has proven useful for identifying potential local bottoms (in bull markets) and local tops (in bear markets).

#PRA
#TLM/USDT analysis -

#TLM is currently in a declining phase, moving downward after being rejected from the resistance zone. It's expected to continue falling and will likely test its previous swing low.

TF : 1H
Entry : $0.0160
Target : $0.0145
SL : $0.0170
@RG_Analitics
Подписаться....

Educational Post

What Is Revenge Trading?

Revenge trading refers to a psychological trap where traders try to quickly recover their losses, often leading to irrational trading decisions. Revenge trading can lead to a dangerous cycle of poor trading decisions, as traders start basing their trades on emotions rather than proper trading strategies.

How Does Revenge Trading Work?

Revenge trading typically occurs when a trader experiences a significant loss or a series of losses. Feeling the pressure to "make back" the lost funds, the trader deviates from their trading strategy, often increasing their position sizing or entering trades with higher risk profiles.

The trader's judgment is clouded by emotions, overriding the discipline and rules set in their trading plan. They may start ignoring fundamental risk management principles and market indicators, focusing solely on recovering their loss as quickly as possible.
For instance, imagine that after a heavy loss caused by an unexpected market downturn, the trader doubles down on another risky position to recover the lost capital. The new position bets against the recent downturn. Despite market indicators suggesting further decline, the trader sticks with the new position without any reason other than to recover their previous losses.

Consequences of Revenge Trading

Revenge trading can negatively influence traders both financially and emotionally. Financially, revenge trading often leads to further losses. It can also result in higher trading costs if trading frequency increases.

Emotionally, revenge trading can lead to stress and anxiety. It can also lead to a feeling of frustration and failure, which might deter the trader from following a systematic trading approach in the future. Furthermore, persistent revenge trading can result in burnout, causing the trader to lose interest and potentially stop trading altogether.

Trading is hard and can be very stressful. If you find yourself revenge trading, or failing to follow your trading strategies, long-term investing might be a safer and easier choice, especially for beginners.

Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.

#PRA
After testing our SL level, #DODO has regained entry level and hit our target level ✅.
@RG_Analitics
Подписаться....

#PRA
#DODO/USDT analysis -

#DODO is currently in a correction phase, forming a consistent pattern of lower lows (LLs) and lower highs (LHs). It's also encountering resistance from a trendline. The price is currently being rejected from this resistance and is expected to decline further, potentially testing previous support levels. To enter a trade, we can consider waiting for a break of the $0.1610 level. Keep an eye on it! 📉

TF : 1D
Entry : $0.1610
Target : $0.1060
SL : $0.1972
@RG_Analitics
Подписаться....

Here's the Analysis of #SUPER :

#SUPER playing of the strong support zone of $0.80 - $0.81 and once again price is expected to reach that zone again. Also, it looks like the price forming a triangle pattern, as per that price action is not clear. So, wait for the price to dip down the for buys.

SUI analysis:

Price is currently trading in a falling wedge pattern, approaching a decision zone. Consider initiating a small long position with a tight stop loss, as falling wedges typically break upward.

Support Area: $0.88-$0.90

Resistance Area: $1.05-$1.07

#PRA
#LIT/USDT analysis -

#LIT is currently in a downtrend on the lower time frame (LTF), with the price consistently forming lower lows (LLs) and lower highs (LHs) below the 200EMA. The price is currently trading above support levels, but it's expected to break that zone as it tests the previous swing low. To go short, wait for the price to break below the $0.922 level.

TF : 1h
Entry : $0.922
Target : $0.771
SL : $1.028
@RG_Analitics
Подписаться....

Bitcoin is currently holding the support area, with the price testing it. This could lead to a continuation of sideways movement near the support area, potentially allowing for some accumulation.

#BTC again rejected nearly from the support zone around $61,130 and building up liquidity to the both sides. Anticipation will be still on the higher side, after taking the liq. on lows. Alternatively, price taping into the $60,000 will good for the market.