Hey team! Let’s talk about my latest trade on Floki: - Market Strength: Despite the overall bearishness in the crypto market, Floki has shown incredible strength, standing out from the crowd. - Trade Breakdown: - I went long on Friday , following the setup from our WiseOwl Indicator. The indicator locked in an 8.48% gain on the first position and immediately re-entered. - For this trade, I used my own risk management strategy—I held the first position and reloaded on the second entry. - Current Position: My position is now sitting at +16.73% , and I’m in a great spot. I’m expecting more bullishness in the short term , so staying patient and letting the market do its thing. ⚡️ Sticking to the plan and adapting risk management can really pay off—let’s see where this goes!
From the perspective of ICT, the current situation can be seen as preparation for a significant movement. If selling pressure prevails: Initial bearish target: Lower support areas in the range of 2620 to 2640. In case of a bullish breakout: A move above the resistance near 2675 could pave the way for a new upward trend.
Watch 4H: The new MC inside a bigger MC has been shaped. If crosses and closed both EMA: Strong Bearish Target 1: $0.0002188, Target 2: $0.0001795 Strong Bullish Target 1: $0.0003356, Target 2: $0.0004137
Bros, gold once rose to around 2676, but fortunately it has started to fall back now. To be honest, today's gold trading is in trouble. I originally wanted to short gold around 2660 now, and then go long gold around 2645 after gold fell back. However, gold only touched 2653 several times during the decline and then rebounded again. So I have held my short position until now, and then added the same position around 2675 to continue shorting gold. Once put me in a passive position in today's gold trading. The better thing now is that gold has started to fall back to around 2668. Although I still have floating losses, it is much better than just now! Come on, brothers! We still have hope for turning losses into profits, so wish us good luck! Bros, do you think my gold short position still has a chance to turn losses into profits?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
As we see from the chart, after accumulation, the stock is ready to rock.
Agtl finally coming out of a huge base. This can potentially lead to huge targets next year
Weekly Bullish Channel Currently Trading in rectagular accumulation Retest of weekly bullish channel Now towards new highs Entry upon break of rectangle Entry 680 SL 626 Target Channel top 850-900
The long wick created on Thursday, December 5, stands out as a significant feature on the chart and is the primary target at the moment. This $6,000-long wick, visible on both the 1-hour and 4-hour time frames, represents a substantial market imbalance. Such wicks often act as a "magnet" for price action, drawing the price back to fill the imbalance over time. On the 1-day time frame, the price formed a rare double wick within a single candle, with notable wicks extending in both directions. Historically, in similar cases, the price tends to fill one side of the wick first before shifting its focus to the other. Currently, the upper 50% of the wick has been filled, suggesting a potential downward move. The next target could see the price drop to fill 50% of the lower wick, potentially reaching $93,746.
Floki/USDT is currently trading within a defined range, forming a box setup on the chart. This indicates a consolidation phase, where the price is accumulating strength for the next significant move. Box setup details: - Support (bottom of the box): This level acts as the accumulation zone, where buyers typically step in. Ideal for entries during pullbacks. - Resistance (top of the box): This is the breakout level. The price needs to close above this area on higher timeframes to confirm a bullish continuation. Trading strategy: 1. Entry strategy: - For spot trades: Enter near the support level within the box. Hold patiently for potential upside. - For leverage trades: Use lower leverage and wait for the price to either bounce off the support zone or confirm a breakout above the resistance with volume. 2. Targets: - First target: 20-30% (if the price moves to the midpoint of the box). - Second target: 50% (if the price nears resistance). - Final target: 100% or more after a confirmed breakout. 3. Stop-loss: Place your stop-loss slightly below the support zone to protect against downside risk in case of a breakdown. 4. Breakout confirmation: A breakout above the top of the box, confirmed with increased volume and a strong candle close, can lead to a powerful rally. Remember, patience is key with box setups. Always manage your risk and trade responsibly.
Gold is waging a battle to clear out short positions before a major decline. The news about China's gold purchases appears to be part of this strategic market manipulation. According to Elliott Wave Theory, the 4th wave must exhibit an ABC structure, and we haven't yet observed a clear C wave formation. Therefore, we should anticipate a downward movement, using 2721 as our invalidation level. Currently, the C wave's second wave is nearing completion. Under these conditions, the minimum target zone for the decline lies between 2450-2400.