The current price is being tested against a resistance area, which has resulted in some selling. If the price can break above this resistance area, we expect to see a move towards the $0.35 level. However, if the price is rejected from the resistance area, it will likely drop towards the support area.
#ADA ADA is currently approaching a significant resistance area. Our long position is currently more than 25% profitable from our entry point. We should monitor how the price behaves once it reaches the major resistance area. It is recommended to either use a trailing stop loss or book some profits at the major resistance area.
#BONK has rebounded from the support area as anticipated. Our long position has achieved a peak profit of over 40% from our entry point. It is recommended to hold onto the long positions while using a trailing stop loss as we may see a move towards the resistance area, which is the zone for profit booking.
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The price has rebounded from the support area, indicating it may move towards the local resistance area. You can either place your buy orders in the support area or wait for a break above the local resistance area to enter the market.
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#BAT approached the resistance area but encountered rejection, indicating potential downward movement. A move towards the support area is likely, presenting an opportunity to consider opening long positions. It's advisable to wait for further confirmation before entering new trades.
The price is currently moving towards the resistance area. We should observe how the price behaves when it reaches this area. It is advisable to wait until a candle has closed above the resistance area before making any new entries. If the price is rejected at the resistance area, it will likely move towards the support area.
#LDO moved from the major support zone as per from our call, and moved 15.8% in profits. Price looks very corrective and might move down back to the support, so it better to Breakeven and even secure something. $3.18 will be stand as resistance area and TP for us,
#ETH goes as said, price made its way through the major resistance zone of with a daily candle closure. We attached a Daily TF SS, price made a retest and strongly jumped. Market structure is moving bullish, and as long as price hodl above $2,400 then we can consider it bullish and next target will be $2,700.
#ADA gave a early breakout with a daily candle closure, but to turn truly bullish, it been a matter to break above the Flip Area/ Resistance (Blue Box) around $0.54 - $0.55. After a clean break, we can have clean buys above the zone with a retest.
#Bitcoin kept on pumping as the breakout happens and gave a Daily Candle Close above the Resistance Area too. Price still pushing higher and expected a retracement from the next resistance area around $47,000.
DOT was able to break the downtrend line and make a successful retest. We anticipate a continuation of the upward movement towards the major resistance area. Hold your long positions with a trailing stop loss.