Nothing much happened in #BTC, price just moved back and for | ENSIGN TRADING on Binance Square

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Nothing much happened in #BTC, price just moved back and forth after forming a double bottom struggling to break the resistance zone. Eyes on breakout as below resistance are consolidating or bearish.
#BTC☀ 

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#STORJUSDT was preparing to break out of a bearish channel but ultimately failed to break out and fell to the $0.3500-$0.3200 support level. If the current level is not maintained, the price can continue moving in the downward channel and reach the demand level of $0.2200. If the price continues to trade above the support level, it may move upwards to retest the $0.6000 resistance level.

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Short ⚡️⚡️ #GRT/USDT ⚡️⚡️ Leverage: Cross (50х) Entry Targets: 0.15476 Take-Profit Targets: 1) 0.15244 2) 0.15089 3) 0.14934 4) 0.14702 5) 0.14547 6) 0.14315 7) 🚀🚀🚀 Stop Targets: 5-10% ⚡️⚡️ #SKL/USDT ⚡️⚡️ Leverage: Cross (20х) Entry Targets: 0.04465 Take-Profit Targets: 1) 0.04398 2) 0.04353 3) 0.04309 4) 0.04242 5) 0.04197 6) 0.04130 7) 🚀🚀🚀 Stop Targets: 5-10%

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Currently, #GALA is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.01830 , which could lead to a significant bullish breakout if sustained momentum is achieved. Should this occur, we could see #GALAUSDT challenging the descending resistance and aiming for the major supply area at $0.03200. A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area. If #GALA faces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.01400. Falling below this support could indicate a prolonged bearish trend, with $GALA continuing to trade within the descending channel.

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One thing you must understand in this crypto space ...is that the entire market is fundamentally backed..ie Fundamental analysis is what makes the market dynamic ...Technical analysis is just more of price action and how people have an edge in the market ...If you fade fundamentals sorry there is nothing that will save your from going back to the village There is around negative sentiments in the market , and one of it is the recent happenings around the world which is the tension battle between Isreal and Iran ..We need Peace at all cost ...As far as the tension is high I am sorry more blood bath in the market 😪😪😪...This is the reality ...and the market reacts to it ....

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