So today was a day of building a rising wedge. Hard to say which way it breaks until Futures open. I'm bearish but I do mention the bullish alternatives if we gap up.
## Market Analysis NEO has recently shown significant upward movement but is now encountering strong resistance at the $5.68 level. The price action exhibits classic signs of exhaustion with decreasing buying volume after a steep climb. The current 1-hour chart shows a potential reversal pattern forming, making this an optimal entry for a short position. ## Technical Indicators - **RSI (Relative Strength Index)**: Currently in overbought territory at 79.28, signaling potential reversal - **Volume Profile**: Declining buying pressure at current price levels - **Market Sentiment**: Fear & Greed Index at 25 (Extreme Fear) - contrarian indicator supporting potential downside - **Risk/Reward Assessment**: Favorable at 2.2 for the primary target ## Entry Strategy Our algorithm identifies an ideal entry at $5.60, with consideration for slippage and fees. The NEO price has shown resistance to break above $5.68 with multiple rejections, strengthening our conviction for this short position. ## Risk Management - **Stop Loss**: $5.74 (2.40% from entry) - **Position Sizing**: Recommend risking no more than 2% of total capital - **Exit Strategy**: - Target 1: $5.38 (+3.89%) - Close 50% of position - Target 2: $5.05 (+9.84%) - Close 30% of position - Target 3: $4.75 (+15.11%) - Close remaining 20% ## Supporting Evidence The recent price action shows a parabolic move that typically doesn't sustain. Additionally, the 1-hour chart displays potential bearish divergence between price and momentum indicators. Current ATR of 0.0841 (1.50%) suggests manageable volatility for this trade setup. Remember to adhere strictly to the risk management rules outlined above. This setup offers an excellent risk-to-reward opportunity, but proper position sizing remains crucial for long-term trading success.
This week, I tracked NASDAQ from a technical + psychological level most traders avoided… but I saw the opportunity ? While others sat on the sidelines calling it “too choppy,” I: ✅ Identified Wave 5 structure on the 4H + 1H timeframes ✅ Mapped out entries using price action + liquidity zones ✅ Held through 6+ rejections at resistance ✅ Executed with discipline, not emotion ✅ Took partial profits, protected capital ✅ Watched price explode — and I got my ? ✅ Then wrapped the week with a real withdrawal ? KEY LESSONS I’M DROPPING FOR YOU: ? Technical Analysis = The "What" → Chart patterns, structure, liquidity zones, entries/exits. ? Fundamental Analysis = The "Why" → News, interest rates, sentiment. I stayed focused on the “what” — not the fear headlines. ? Liquidity Isn’t Noise. It’s a Signal. Every rejection I held through was just price loading up. I didn’t flinch. I let smart money do the work. ? Wave 5s test your strategy AND your patience. I saw smaller TF Wave 5 complete before 4H — so I waited. I didn’t FOMO back in — I planned for the pullback and possible short flip. ? MINDSET WINS > CHART WINS ??♀️ My biggest move this week? I walked away with clarity — not just profit. That’s trader growth. ? Final thoughts: You don’t need 100 trades. You need 1 well-managed setup and a calm mind. ? Follow me to keep learning how to trade structure, not stress.
What’s visible on the BYBIT:BTCUSDT.P chart: ? Rising Wedge: ➡️ This is a potentially bearish pattern for BYBIT:BTCUSDT.P , especially when it appears after a strong rally following a deep drop (which is exactly the case here). ➡️ The price has almost reached the upper boundary of the wedge and has already formed a second top (Top 2) — a signal of possible weakness. ? Levels: ➡️ POC BYBIT:BTCUSDT.P — $82,490.8 has already been broken to the upside, indicating current market strength. ➡️ The price is approaching major resistance at $83,807.1 — momentum is already slowing down in this zone. ➡️ Support remains in the $80,449.7 – $78,412.7 area. ? Volume: ➡️ The rally was supported by high volume, but the most recent candles show declining volume as the price nears the top of the wedge. ➡️ This could indicate weakening buying pressure. ? Why it’s important to be cautious with long positions: ➡️ A rising wedge can act as a bull trap. ➡️ The price is near a critical resistance — even a small pullback could lead to a wedge breakdown. ➡️ After such a steep run (from 73K to almost 84K), the chance of profit-taking and a pullback is high. ➡️ Volume is declining — bullish momentum may be fading. ? Conclusion: ➡️ Opening a BYBIT:BTCUSDT.P long position right now is risky because: - the wedge structure suggests a potential reversal to the downside; - there’s no breakout above the previous high with confirmation; - and volume does not support further upward movement. ❗️ It's better to watch how the price reacts to the wedge and BYBIT:BTCUSDT.P key levels — a long entry is only valid if the price breaks and holds above $83,800–84,000 with strong volume. ➡️ Until then, a neutral or cautiously bearish position is more appropriate.
The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
Hello everyone, I invite you to review the current situation on LTC. When we enter the one-week interval, we can see how the price is struggling to return above the upward trend lines. Here you can see how the current rebound is going towards resistance at $ 82.82, then resistance is visible at $ 95, but an important resistance point will be around $ 115. Looking the other way, you can see that the price has gone below the support level at $ 70, however, we could see a quick rebound, in a situation where the price continues to go down, the next very strong support is around $ 50. It is worth looking at the RSI indicator, which shows another descent in the week interval to the level where we could previously see strong price rebounds, which could potentially repeat itself.
Still on bearish, If price action will not displace a body of a candle on our breakout the price will go up on our RETRACEMENT area 145.570
I know a person who is has drowdown position in a 98 percent Do you think there will be a Pump?
The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
We knowgood old SEC days are coming, Fed Pivot is coming and a strong dollar is coming with it. But for now Let me explain you this chart. The chart is on a weekly timeframe but all the points of interest and liquidity can be perfectly seen on the monthly as well. I want to show you how price moves from liquidity zone to liquidity zone touching specific areas no matter what. Following all the red lines that are previous highs that the price made (liquidity) and the low from July 2023. For me this chart is pure art, this is the game I look for when daytrading, but for this being on a weekly/monthly chart is just mesmerizing. This previous -10% drop from Jan-Feb till today, comes from a very specific point in the chart. And the +15% pump that I see, is coming from a very specific point as well. As you can see this drop comes after liquidating several highs (sellside liquidity) on the way to a predominant imbalance that respected perfectly. What I want to say is that price follow liquidity first then touches a specific zone and respects it. Now, we have the same scenario but now we have targeted July 2023 low and a weekly imbalance. A significant low has been triggered and a point of interest has been fille. Fed Pivot is coming and we expect to see a strong dollar in the long run. I think this is just the perfect point in the chart for direction to shift and to start to price-in what is about to come. Last monday (Black Monday) was a climatic point. Events bring the volatility for price to make it where it has to, I think this is the turning point. I hope you enjoyed the content this is NOT Financial advice. I just want this analysis and info to be here.