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$LOOM
LOOM breaking out from the wedge pattern! 🚀 Bullish momentum is picking up as it approaches resistance at $0.072. MACD turning bullish, and the price is holding well above the EMAs. Keep your eyes locked for a potential rally! $LOOM
#LOOM
#Write2Earn
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LOOMUSDT
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$BTC BTC Trade Update - November 2, 2024 Yesterday, on November 1st, I shared a BTC trade idea with entry levels at $69,000 - $69,500 and a stop loss at $67,800. However, new developments have caught our attention. The Chicago Mercantile Exchange (CME) futures market shows a CME gap around $67,000. This level has significant liquidity, as confirmed by the liquidation heat map, making it likely that BTC might pull back to fill this gap. Historically, 70-80% of CME gaps tend to close over time. The upcoming week is filled with high-impact events, including the U.S. elections, the FOMC meeting, and interest rate updates, all of which could trigger increased market volatility. For now, it may be wise to close positions around $69,600 and watch for a new buying opportunity at $67,000. Alternatively, consider waiting until these events unfold to assess market direction. Plan of Action: If BTC dips back into our entry zone of $66,500 - $67,000 due to the CME gap, liquidity levels, and high-impact events, it could present a good entry point. Trade Setup: Entry Zone: $66,500 - $67,000 Stop Loss: $64,800 Target Points: TP $69,000 TP $70,000 TP $72,000 TP $73,600 TP $75,000 TP $76,300 TP $77,500 TP $86,000 Important Reminder: This is not financial advice. Always do your own research and rely on your analysis before making any decisions. #DYOR #StayInformed #Write2Earn #BTC #XRP
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