#Trading Tip

Things You Should Consider Before Executing the Trade

Well, to be honest, this things differ from a trader to trader as styles gonna be very different. Someone can say, i just trade High Volume Breakouts or Retest Entry. Some can be Indicators based and Price Action and Whatever. There are multiple things can be done on this.

The simplest way to do this is Make it Working and Simple as Possible.
Let's say, if you're good on Breakouts but need a way to confirm that breakout, so you can use any indicator, which gave some strong results over the time in backtest or you can use price action with that.

As far as we see, Price Action cover all the aspect of issue in trading. So, you can have a look into that and you can add some of the confluence, if needed.

Here's the Analysis of #FTM :

#FTM is on a major support area of $0.4248 - $0.4394 and moving inside the small channel pattern. There an another support below the zone around $0.3936 - $0.400, and currently, looking for potential buys at major support. This could be a risky one so use lower risk.

Well, another day range story repeating on and on. #BTC did gave a minor closing above, but not significant to consider a breakout and again rejected from the resistance. Range will continue and hoping for a breakout soon

#SOL Analysis :

#SOL Rejected hard from the major Resistance level of $24.79 - $26.00. Price reached out the strong support zone of $17.17 - $18.21. Price is kinda making messy price action and nothing is clear very much. On 4H TF, we can see potential buys above of $21.20 and for sells wait for the opportunity.

What is Double Top ?

Double top is a technical chart pattern commonly used in trading analysis. It is a bearish reversal pattern that forms after an uptrend, indicating that the market may be ready to reverse its direction.

The pattern forms when the price of an asset reaches a high point, then retreats, and then rallies again to the same high point as before. However, it fails to break through this level and retreats again, forming a second peak at the same price level. The two peaks are usually connected by a line, forming a horizontal resistance level.

This pattern signals that the buying momentum has been exhausted, and the bears are gaining control of the market. Traders who recognize this pattern may look to sell their long positions or short the asset, betting on a potential price decline.

Here's the Analysis of #APT :

#APT making some good lower lows and lower highs and slides below the strong flip level $11.47 - $11.89 and now act as resistance area. Price is expected to reach out the support area of $9.76 - $9.96. As price making lower low now, so taking shorts will be good.

#BITCOIN WEEKLY UPDATE :

#BITCOIN still urging to making to way for $29,950 (≈ $30,000). Weekly Candle Rejecting Lower prices and standing strong. Still, its becoming a mess on LTF and Resistance from Daily TF standing strong and candles are ranging only. Anticipating a breakout by next week, else we can go all the we down 📉

#FTM made a proper bounce from the major support zone and broke out of the channel pattern. I hope you executed the call and trade moving around 10% in profits. Secure some partials here and move stops to BE. Channel Breakout is bullish, to price can gave an upmove.

After a long time, month over month, we have finally a bullish crossover of #Short-term holder cost basis above #Long-term holder cost basis

As per previous data on the chart, this marked confirmation of the start of multi-year #Bitcoin Bull Runs.

What is Double Bottom in Trading ?

Double #Bottom is a technical chart pattern commonly used in trading analysis considered as #bullish reversal pattern that forms after a #downtrend, indicating that the market may be ready to #reverse its direction.

The pattern forms when the price reaches a low point, then #rebounds, and then declines again to the same low point as before. However, it fails to break through this level and rebounds again, forming a #second bottom at the same price level. The two bottoms are usually connected by a line, forming a horizontal #support level.

This pattern signals that the selling #momentum has been exhausted, and the bulls/ buyers are #gaining control of the market. #Traders who recognize this pattern may look to buy or go long, betting on a potential #price increase.

#TVK/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $0.0450-0.0540-0.0630-0.0750

Stop if 1D close below $0.0350

#TVK/BTC BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: 159-189-231-278 satoshi
Stop if 1D closes below 125 satoshi

#TVK going for a triangle breakout here✌️

Price can pump very hard after a breakout🚀

Here's the Analysis of #BNB :

#BNB rejected from the major resistance zone of $333 - $337 and reaching towards the structural support zone of $303 - $306. Currently, price also moving the a small flag pattern, which might tend the price to continue pushing lower. Nothing to do as of now, either wait for the flag to breakout and break below support for shorts.

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Nothing has changed alot, #Bitcoin again testing out the upper range as resistance area, which is quite standing strong. This things is, if price sustaining this higher for longtime, then most probably it gohna breakout higher. Either side will have drastic move anyways.

#BTC.D (#Bitcoin Dominance) tapped in to the major resistance, which we're anticipating. Index did some consolidation and rejected after hitting zone. Still, it has potential to break it until structural support is broken, which is at nearby 47%. Hoping for a break below, which will open-up the new Alts rally 🚀🚀

What is P2P Trading ?

#P2P (Peer-to-Peer) trading in cryptocurrency refers to a #decentralized way of buying and selling digital assets directly between individuals without the need for an intermediary such as a #centralized exchange.

In P2P trading, buyers and sellers interact directly with each other, negotiating the terms of the #trade and agreeing on the price and #payment method. The transaction is facilitated through a peer-to-peer marketplace or platform, where users can post their #buy or #sell orders and connect with other users looking to buy or sell the same #cryptocurrency.

One of the main benefits of P2P trading is the increased level of #privacy and #security it offers compared to centralized exchanges. With P2P trading, users maintain control over their #funds throughout the entire transaction, reducing the #risk of funds being lost or stolen. Additionally, P2P trading allows for greater flexibility in terms of payment methods, as users can agree on a wide variety of payment options, including #bank transfers, cash deposits, and even in-person cash transactions.

However, P2P trading does come with some risks. Since there is no intermediary involved, there is a greater potential for fraud or #scams. It is important to exercise caution when trading on P2P platforms and to carefully vet the reputation and history of any potential trading partner before engaging in a transaction.