• October 26, 2024, 10:28 am
• October 26, 2024, 8:28 am
• October 26, 2024, 2:29 am
Saturday, October 26, 2024
October 26, 2024 at 03:25AM SHIBUSDT.1D
SHIBUSDT.1D
SHIB / TetherUS BINANCE:SHIBUSDT
SHIB/USDT daily chart provides a clear view of its recent price action, marked by fluctuations within defined support and resistance levels.
Key Observations:
Resistance Levels: The most immediate resistance is marked at 'R1' ($0.00002196). This level has previously acted as a ceiling for price attempts, suggesting it is a significant area for potential sell-offs or reversals.
Support Levels: 'S1' at $0.00001541 represents the nearest support level. This level needs to hold to maintain the current price structure. Below this, 'S2' at $0.00001121 serves as a lower boundary that could be tested if a more significant downtrend develops.
Price Trajectory: The chart shows a recent upward movement towards 'R1', indicating a possible test of this resistance level. The trajectory suggests bullish momentum but warrants caution as it approaches resistance.
Technical Indicators:
Stochastic RSI: Currently in the low range, suggesting that SHIB is in an oversold condition, which could potentially lead to a bullish reversal or at least a stabilization in price.
MACD: The MACD is below the signal line but shows signs of narrowing, hinting at a potential bullish crossover in the near future. This could indicate an increase in upward momentum if sustained.
Strategic Approach: Given the current setup, my strategy would involve closely monitoring the price as it approaches 'R1'. A breakout above this level could open the door for a move towards higher price points, so establishing positions in anticipation of a breakout, with a strict stop-loss just below 'S1', could capitalize on this momentum.
Conversely, if the price fails to breach 'R1' and starts declining towards 'S1', it would be crucial to assess market sentiment for signs of a potential reversal or further decline. A break below 'S1' would likely lead to a test of 'S2', and positions would need to be adjusted accordingly.
Conclusion: The SHIB/USDT pair currently shows potential for further exploration of upper levels, especially if it can sustain momentum and breach the 'R1' resistance. Traders should prepare for both scenarios: a breakout or a rejection at 'R1'. Observing both the Stochastic RSI and MACD will provide additional clues about the strength of the current trend. Implementing a disciplined approach to risk management, particularly in such a volatile market, will be crucial.
Friday, October 25, 2024
SPX6900 Nears $1 Billion Market Cap, Community Eyes $DXY Token for Next Big Surge - Vancity Buzz
• October 25, 2024, 8:28 am
• October 25, 2024, 7:28 am
• October 25, 2024, 7:23 am
• October 25, 2024, 7:10 am
• October 25, 2024, 2:50 am
Thursday, October 24, 2024
October 24, 2024 at 05:05PM Raydium Double-Top, Low Risk 4X SHORT—140% Potential
Raydium Double-Top, Low Risk 4X SHORT—140% Potential
Raydium / Tether KUCOIN:RAYUSDT
Ladies and gentlemen, we are going to add a new pair to our list of public SHORTs. We have about five already.
SHIBUSDT, PEPEUSDT and BNBUSDT all hit the first target and are doing good. I think SOLUSDT is no good right now and RUNEUSDT also hit the first target. ETHUSDT is in the green but hasn't hit any targets yet, it will soon.
To this list, we are now adding Raydium, RAYUSDT. The tile says it all. This SHORT is based on a double-top or lower high. Look how big is the shadow of the last peak, something similar can happen again. Or it can happen that the pair ends in a lower high; whatever happens, down it will go next.
The way to end up with a sure profit is by using low lev. If you use high leverage the whales will manipulate the market until your position is liquidated. If you use low leverage you can win this and many other trades.
It is very important to win in order to develop a winning feeling, to get in the flow. If you are in a hurry and hoping always to hit it big, you can never get a win and instead lose over and over and this makes it even harder to achieve success. Instead of making it big, making money fast and making money with 100X, make several small moves, 2-3X, that's ok. Get on the habit of winning and withdrawing and staying calm with a stable mind and this will open the doors for higher leverage and big gains.
If you can't appreciate the small, you won't be able to spot the opportunities that will make a difference for you. If you cannot wait, you cannot trade. Patience is key.
No more platitudes... Full trade-numbers below:
➢ SHORT RAYUSDT
Leverage: 4X
Entry levels:
1) $3.333
2) $.3110
3) $2.950
Targets:
1) $2.830
2) $2.662
3) $2.400
4) $2.175
5) $1.950
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 140%
Capital allocation: 3%
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Disclaimer: Take a shower, brush your teeth, buy a house, open a company, get to work... Wait a minute, what is this? I cannot order you around and you cannot order me. We are all adults, you do what you believe is right and your are responsible for your own actions.
Trading is not for kids, it is a game for adults. There is big risk involved with leverage and mistakes can lead to loss. If you can't afford to lose money, do not trade. I am not responsible for your actions, I am only sharing numbers and letters, information, you can either use them or ignore them, but this is not financial advice.
Thank you for reading.
Namaste.
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