? Welcome to TradeCityPro! In this analysis, I will examine the ONG coin, a key project within the Ontology ecosystem and a foundation for other projects within this ecosystem. ? Daily Timeframe: Loss of Momentum After a 100% Rally In the daily timeframe, we observe an accumulation box from $0.2504 to $0.3551. After the last rebound from the $0.2504 support, the price experienced a 100% growth to the resistance at $0.5392. ? After reaching this area, the market momentum completely shifted, and the price fell first to $0.3551 and is now at $0.3002. We can now say that the bullish momentum has dissipated, and for the price to increase again, it needs to build a new structure. ? If further declines occur, breaking $0.3002 would be a suitable trigger. For confirmation of bullish trends, breaking $0.3551 is appropriate, but I will discuss these triggers more in the 4-hour analysis. ? The volume for this coin is generally low, which, as you can see, creates many shadows making futures trading challenging. Currently, the volume is also gradually decreasing. ? If $0.3551 breaks and the RSI surpasses 50, the price could move higher. The targets for this move are $0.5392 and $0.7393. ? If $0.3002 breaks, the next supports are $0.2504 and $0.2170. https://www.tradingview.com/x/KlbiqkhJ/ ⏳4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, we can see price behavior in more detail. ✨ After the second bearish leg from $0.4071 to $0.3002 and a fake break of this support, the price formed a range box and we can also observe a descending trend line. ? For a short position, if $0.3002 breaks, consider opening a short position. The target for this position is $0.2602. However, a floor above this zone at $0.3100 presents a riskier trigger, and if this area breaks, you could open an early short position. A break of 41.06 aids the entry of more bearish momentum and further market decline. ? For a long position, first wait for the descending trend line to break. In this case, you can use the trend break trigger or wait for a break of $0.3564. The target for this movement is $0.4071. The next trigger for a long position is a fake break of the $0.3002 support, which has already happened once and managed to keep the price above it. In case of another fake break, you could open a position with an engulfing candle or another pattern trigger. ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Looking at the chart for Eversendai Corporation Berhad, here's my analysis: Current Price Action: - Trading at RM0.685, up 3.79% - Breaking out of a consolidation pattern - Price above all major moving averages Elliott Wave Analysis: - Completed waves (I) through (IV) - Currently entering wave (V) - Price target for wave (V) at RM0.925 (0.786 Fibonacci level) Key Technical Levels: 1. Support: - Major support at RM0.500 - Stop loss level identified at RM0.215 (31.39% below current price) - Moving averages providing dynamic support around RM0.585 2. Resistance: - Immediate target at RM0.820 (0.618 Fibonacci) - Ultimate target at RM1.05 (1.0 Fibonacci) - Secondary resistance at RM0.750 (0.5 Fibonacci) Trade Setup: - Risk/Reward ratio: 1.7 - Target: RM0.865 (53.28% upside) - Stop loss: RM0.215 - Current position showing good profit potential Volume Analysis: - Recent increase in volume supporting breakout - Money flow indicator turning positive - Green volume bars suggesting accumulation Notable Events: - September 2024: MYR297.855M (+25.32%) - June 2024: MYR237.67M (-529.76%)
Anticipating single weekly range candle liquidity sweep. plotting 4H timeframe to find possible good entry as moving average on 1H signal bearish outlook
Dear readers, my name is Andrea Russo, and today I want to talk to you about one of the most discussed topics in trading: leverage in Forex. This tool, both powerful and delicate, allows traders to amplify their gains with small investments but also carries significant risks if not used prudently. In this article, I will guide you step by step, explaining how leverage works, its advantages and risks, and how you can start trading safely. What is leverage in Forex? Leverage is a tool that allows traders to control much larger positions than the capital actually invested. For example, with a leverage of 1:100, you can open a $100,000 position with an initial investment of just $1,000. Here’s a simple example: You invest $1,000 with a leverage of 1:100. Your market exposure will be $100,000. If the market moves 1% in your favor, you will earn $1,000 (equal to 100% of your capital). If the market moves 1% against you, you will lose your entire capital. As you can see, leverage amplifies both gains and losses, which is why it’s essential to understand how it works before using it. Advantages of leverage Leverage offers several advantages that make it an attractive tool for those who want to invest in Forex: Access to the market with small capital: You can start trading even with modest sums, thanks to leverage. Diversification: With limited capital, you can open multiple positions on different currency pairs. Maximization of profits: Even small price movements can translate into significant gains. The risks of leverage Despite its advantages, leverage carries important risks: High losses: The same amplification that generates profits can multiply losses. Margin Call: If losses exceed the available margin, the broker may automatically close your positions. Emotional stress: High leverage can lead to impulsive decisions, often driven by anxiety. How to start trading in Forex with leverage If you want to use leverage effectively and safely in Forex, follow these steps: 1. Educate yourself and learn the basics First of all, study how the Forex market works. It’s important to understand what influences exchange rates and which strategies to adopt. Dive into key concepts such as: Major currency pairs Spread and commissions Technical and fundamental analysis 2. Choose a reliable broker The broker is your trading partner, so ensure that it is regulated and offers transparent conditions. Look for brokers with: Competitive spreads Flexible leverage options User-friendly platforms 3. Start with a demo account To practice, use a demo account. You can test your strategies without risking real money and gain confidence with the platform. 4. Set up a trading strategy A good trader doesn’t leave anything to chance. Define a trading plan that includes: Realistic goals Percentage of risk per trade (1-2% of capital) Risk management tools like stop-loss and take-profit 5. Start with low leverage If you’re a beginner, use moderate leverage, such as 1:10 or 1:20. This will allow you to limit losses while learning to manage risk. 6. Monitor positions and manage risk Risk management is the key to successful trading. Invest only what you can afford to lose and constantly monitor your positions. Conclusion Leverage is an incredible tool, but it must be used cautiously. It can open the doors of the Forex market even to those with limited capital, but it requires discipline, education, and good risk management. Thank you for reading this article. If you have any questions or want to share your experiences in Forex, feel free to write in the comments. And remember: trading is a marathon, not a sprint! Happy trading!
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