$XCN suggestion Trigger: Place a short order when the price closes below 0.3250 USDT on your chosen timeframe (e.g. a 1‑hour or 4‑hour candle). This level acts as a confirmation of the retracement continuing rather than a temporary bounce.
Entry Range: Consider entering in the zone between 0.3260 and 0.3300 USDT. You may either use a market order once confirmation is provided or a limit order slightly above your desired entry zone if you expect further downward continuation.
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3. Trade Management: Take Profits and Stop-Loss
Take Profit Targets: Based on support/resistance levels from the technical analysis, you might set multiple exit targets:
Target 1: ≈0.3150 USDT – an immediate price level that has acted as support previously.
Target 2: ≈0.2980 USDT – a further drop where subsequent bounces have been observed.
Target 3: ≈0.2850 USDT – a more aggressive target if the downward trend accelerates.
Stop-Loss Placement: To protect your trade if the market reverses, place a stop-loss above the entry zone. For example, a stop-loss at approximately 0.3550 USDT is suggested. This level should be based on a recent resistance area or a moving average that is acting as a ceiling.
Target 1: • Set an initial profit target at the next identified support level—for instance, around 0.1350 USDT. This level might have previously acted as a bounce point on a lower timeframe.
Target 2: • Set a secondary target further down, perhaps near 0.1200 USDT, where historical swing lows or Fibonacci extensions suggest potential congestion or a reversal.
Target 3 (Optional): • For a more aggressive approach, consider a third target (for example, around 0.1050 USDT) if the bearish momentum sustains, keeping in mind that deeper targets come with increased risk
$ARK I expect ark to go downward. but it may jump upto 0.8 for short time scalping
Place a short order when the price closes below 0.3250 USDT on your chosen timeframe (e.g. a 1‑hour or 4‑hour candle). This level acts as a confirmation of the retracement continuing rather than a temporary bounce.
Entry Range: Consider entering in the zone between 0.3260 and 0.3300 USDT. You may either use a market order once confirmation is provided or a limit order slightly above your desired entry zone if you expect further downward continuation.
Take Profit Targets: Based on support/resistance levels from the technical analysis, you might set multiple exit targets:
Target 1: ≈0.3150 USDT – an immediate price level that has acted as support previously.
Target 2: ≈0.2980 USDT – a further drop where subsequent bounces have been observed.
Target 3: ≈0.2850 USDT – a more aggressive target if the downward trend accelerates.
Stop-Loss Placement: To protect your trade if the market reverses, place a stop-loss above the entry zone. For example, a stop-loss at approximately 0.3550 USDT is suggested. This level should be based on a recent resistance area or a moving average that is acting as a ceiling.
you may consider current position for scalping as well DYOR $BNB
On-chain analyst Yu Jin reports that a major whale, who previously controlled 26% of the total $AUCTION supply, has just transferred their final 200K tokens ($4.9M) to #Binance.
Key Timeline:
Since 4 AM: The whale has sent 1.5M $AUCTION ($49.88M) to Binance.
At 3 AM: Project-related addresses moved 359K AUCTION ($20.48M) to major exchanges, including Binance.
Market Impact:
In just 10 hours, 1.859M AUCTION ($70.36M)—equivalent to 24.3% of the total supply—has hit exchanges, triggering a 60% price crash from $57 to $23 since 3 AM.
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