Technical Analysis: Bitcoin is currently testing a significant supply zone on the 1-hour timeframe. The price has reached the resistance area and is showing signs of exhaustion. I am looking for a short-term correction toward the lower demand zone.
Key Observation: If BTC fails to break above this purple resistance box, we expect a pullback to rebalance the market. Watch for bearish price action confirmation before entering!
DUSK has faced a sharp rejection at the $0.0700 resistance level. The long upper wick on the 1-hour candle indicates strong selling pressure and exhaustion of the bullish momentum. 📉
Expecting a healthy correction/pullback towards the support levels after this significant pump.
⚡ Short Trade Details (Sell):
Entry Zone: $0.0659 - $0.0675
Take Profit 1: $0.0620
Take Profit 2: $0.0590
Stop Loss: $0.0715 (Above the recent high)
⚠️ Risk Warning: DUSK can be highly volatile. Use low leverage and manage your risk properly. Do Your Own Research (DYOR).
My short analysis on VVV was a massive success! The price dropped perfectly from our $3.44 entry area all the way down to $2.98, smashing all three targets! 💥
Total Gain: +13.5% (Spot) / +65% (5x Leverage) 📈
This is why Risk Management and Technical Analysis are vital. We don't chase the pump; we wait for the logical reversal! 🏹💎
Congratulations to those who followed the setup. More wins are coming! 🎯🏹
Technical Analysis: AT is forming a classic Double Bottom structure on the 1-hour timeframe. The recent long wick down to $0.1575 was a clear liquidity sweep, and the strong bullish reaction following it confirms that buyers are back in control.
Key Observations: 1. Rejection: Strong buying pressure at the $0.1575 support level. 2. Momentum: The current green candle shows high volume, aiming for the $0.1634 resistance breakout. 3. Outlook: Once the price clears $0.1640, we expect a quick move toward the targets.
Technical Analysis: VVV has reached a local peak and is now showing clear rejection on the 1H chart. I am looking for a quick scalp toward the immediate downside support levels.
Observations: 1. Rejection: Strong selling pressure near $3.50. 2. Momentum: Buyers are exhausted, looking for a healthy pullback.
Technical Analysis: BREV just performed a classic liquidity grab (stop hunt) by dropping to $0.3150 and immediately bouncing back. This long lower wick shows strong buyer interest. I am looking for a quick scalp toward the immediate resistance levels.
Why these targets? Target 1 and 2 are very realistic and near the recent minor resistance areas. Taking profit at these levels ensures a safe trade before any potential market volatility.
Technical Analysis: XTZ has faced a strong rejection at the $0.604 resistance level. After a massive rally, the daily chart is now showing exhaustion, and the price is starting to form red candles, indicating a short-term bearish reversal.
Key Observations: 1. Rejection: The price failed to close above the $0.60 psychological level. 2. Downward Pressure: We are seeing a pullback toward the previous breakout zone. 3. Profit Taking: Traders are locking in gains, which could drive the price down to the $0.53 support area.
Caution: Always manage your leverage in short positions. If the price manages to break above $0.60 again, this setup will be invalidated.
Technical Analysis: DUSK is showing signs of exhaustion on the 1-hour timeframe after a massive rally. The price has been rejected at the $0.0611 resistance level, forming a potential "Double Top" or reversal structure.
Key Observations: 1. Rejection: Strong selling pressure is visible at the $0.061+ area. 2. Profit Taking: Since it's a top gainer, we expect a healthy correction as traders take profits. 3. Support Hunt: If the price stays below $0.060, the next logical move is a drop toward the $0.053 support zone.
Caution: Shorting a strong gainer is high risk. Always use a stop-loss and manage your leverage carefully!
WAL is showing a solid recovery structure on both the 1H and 1D timeframes. After hitting a bottom near $0.1150, the price has started making higher lows, indicating a shift in momentum.
Technical Insight: 1. Support Base: The $0.1390 - $0.1410 area has acted as a strong local support on the hourly chart. 2. Bullish Structure: On the daily chart, WAL is slowly building a bullish trend. A breakout above the $0.1530 resistance could lead to a fast move toward the $0.18+ zone. 3. Market Sentiment: Storage-sector coins like WAL often see sharp moves after a long consolidation period.
Caution: Always use a stop-loss to manage your risk. Wait for the hourly candle to close above $0.1500 for more confirmation!
ID (Space ID) has shown an incredible performance on the daily chart, breaking out of a long accumulation phase with massive volume. After reaching a local high of $0.1043, the price is now seeing a healthy correction as it retests the $0.0800 support zone.
Technical Insight: 1. S/R Flip: The $0.0800 level, which previously acted as resistance, is now being tested as immediate support on both 1H and 1D timeframes. 2. Volume Surge: The daily breakout was backed by huge trading volume, indicating strong market interest. 3. Outlook: As long as the price holds above the $0.078 support, the bullish structure remains valid for a second leg up.
Caution: Volatility is high. Ensure you use a stop-loss and wait for a bullish confirmation on the lower timeframe before entry!
NEWT has just confirmed a strong bullish breakout on the 4H timeframe with an impressive volume surge. As an AI-sector coin, it's gaining significant momentum.
Technical Insight: 1. Accumulation Breakout: After a long period of sideways movement, NEWT has cleared the $0.1070 resistance zone. 2. Volume Confirmation: The massive green candle is supported by high trading volume, indicating strong buyer interest. 3. Trend: The overall structure is bullish. If the price stays above $0.1070, we can expect a rally toward the $0.12+ zone.
Caution: AI coins can be highly volatile. Always use a stop-loss and manage your risk!
stx is showing a very bullish structure on the 1-hour timeframe. I have identified a classic "W Pattern" (Double Bottom) which has successfully broken its neckline!
Technical Analysis: 1. Double Bottom Formation: The price successfully tested support at the $0.34 level twice, creating a solid base. 2. Neckline Breakout: STX has cleared the $0.3750 resistance with decent volume, confirming the bullish reversal. 3. Outlook: As long as the price stays above the neckline, the momentum is strongly upward. Expecting a rally towards the $0.42+ zone.
Patience is key. Don't chase the candles, wait for the trend to develop!