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Hold on to it, as the price is attempting to retest the previous daily support level for a strong bullish confirmation.
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Bharatpal
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$BONK Hold or close please tell me
#BitcoinKeyZone #CryptoUsersHit18M #BTCReclaims101K #BinanceLaunchpoolVANA
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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๐ Market Analysis Update ๐ Yesterday, we believed the market had reached a potential turning point, only to see it extend further to complete a harmonic structure that might pave the way for another one. โ ๏ธ The Question: While the market had signs of a possible reversal, will todayโs daily candle form an engulfing pattern, or are we looking at a small candle followed by a significant move tomorrow? ๐ก My Strategy: Iโll focus on Bonk and consider entering a position. The chart appears clearer, with an AB=CD harmonic pattern (equal daily legs). It closed with: โ A hammer on the daily and 12-hour charts โ A long-legged doji on the 8-hour chart yesterday ๐ These patterns signal a promising opportunity. ๐ Trade Setup: Stop Loss: 0.026617 Take Profit: 0.048396 (Daily Resistance Level) ๐ Pro Tip: Always trade wisely and apply proper risk management. โจ Good luck! โจ $BNB # Bonk #BinanceAlphaAlert #MarketPullback #ElSalvadorBTCReserve #USJoblessClaimsFall #PENGUOpening
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Wow, itโs been a challenging day as my stop-loss was triggered.
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I will consider entering BONK right now and set my stop loss below the 8-hour candle at approximately 0.028668. โ ๏ธ Take this with caution and ensure you apply proper risk management. โ Good luck! # bonk
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๐ Market Analysis: Almost There (Part One) ๐ Trading requires focus on risk management ๐ and comprehensive market analysis ๐. Patience is key; the longer we wait, the clearer the marketโs story becomes. ๐ Todayโs Analysis Covers: โ Price Action (Naked Trade) โ Harmonic Patterns (Fibonacci Alignment) โ Elliott Wave Theory ๐ Case Study: BAT Coin Our focus is on BAT Coin, but similar patterns appear in Zcash, NEI, Polkadot, ZEC, FIL, Shiba,Tezos, EOS,Avax, Doge, IOTA, and BTC. As highlighted in yesterdayโs review ๐๏ธ, when multiple charts show the same pattern, it signals something significant ๐. ๐ Key Observations: 1. Price Action ๐ On the daily chart, the market revisits previous rally points, forming a support zone ๐. Bollinger Bands reveal price at the lower band, a potential support zone. 2. Momentum Indicators ๐ Price is at support, while RSI, CCI, and Stochastic are in the oversold zone โ ๏ธ, hinting at a possible turning point ๐. The chart forms a small "h" pattern, potentially reversing into a capital "H" at resistance. 3. Candlestick Patterns ๐ฏ๏ธ Over the past 10 days, price movement is confined within a long bearish candlestick, indicating the need for a revisit to confirm the fair value gap or supply zone ๐. 4. Todayโs Prediction ๐ฎ Expect a small candle, A Hammer or an engulfing pattern, but the market will ultimately guide the outcome. ๐ Final Thoughts: The market remains in transition ๐ฆ, with no clear direction yet. Trading demands patience, discipline, and professionalism. โจ Stay focused, and let the market lead you toward success. ๐ก Stay tuned for Part Two at noon ๐, covering: ๐ Harmonic Pattern Analysis ๐ Elliott Wave Theory ๐ข Follow for updates, share insights, and join us in this professional trading journey! ๐ # Bat # Zec # Neo #PolkadotAnalysis #Fil #Eos # Doge # Dash # litecoin # Iota # Uniswap $BTC #BinanceAlphaTop5 #BTCNewATH
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#๐ Comprehensive Market Analysis: NeiroUSDT, NeiroETH/USDT, and Beyond Welcome back to our ongoing market analysis! ๐ Today, weโre expanding our view beyond NeiroUSDT and NeiroETH/USDT to provide a broader perspective. Follow carefully and take note of key insights to enhance your trading strategy. ๐ ๐ Key Insights: While I often focus on Neiro and its ETH pair, this doesnโt mean my attention is limited to Neiro alone. ๐ Successful market analysis requires comparing instruments that share similar characteristics to uncover hidden opportunities. ๐ Market Dynamics: ๐ก Trend Formation vs. Continuation: Some markets are initiating new trends, while others are continuing established trends after minor retracements. โ๏ธ Comparison Is Key: Gauging the turning points of specific instruments often requires examining others with similar patterns. ๐ ๏ธ Charts to Watch: Letโs focus on coins with characteristics pointing to potential continuation patterns: โก๏ธ Dash, IOTA, Fil, BAT, BONK, ATA, DOGE, PEOPLE, ACX ๐จ Observations: ๐ Double Bottom Alert: A possible daily double-bottom pattern is forming on many daily charts. ๐ Momentum Indicators are entering the overbought zone, signaling potential shifts or continuation opportunities. โ Actionable Steps: 1๏ธโฃ Analyze the daily charts of the mentioned assets and similar ones. 2๏ธโฃ Watch for confirmations of patterns like double bottoms or momentum shifts. 3๏ธโฃ Remember: if Neiro doesnโt meet the expected setups, other coins might offer better opportunities. ๐ก Final Thoughts: โ ๏ธ The market is still evolving, and no clear directional change has emerged yet. Be cautious, stay informed, and trade wisely. ๐ Patience is a virtue, and smart trading leads to long-term success. ๐ ๐ฃ Share your thoughts below, tag your friends, and letโs grow together as professional traders! ๐ผ๐ช $BNB #CrptoUsersHit18M # NeiroETHUSDT #Neiro # Dash # Iota # File # Bonk # Bat
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