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📈LONG: $DOT (1D) #DOTUSDT | #DOT | #Polkadot Market Cap $7.01B Analysis: Polkadot is currently forming a higher low, hinting at bullish continuation. With a 16-day advance and steady green action, the trend suggests normal price movement. This stability might mean we're in for further upward momentum, so keep an eye on this one! Price Targets: If the bullish trend holds, look to break initial resistance at $6.45. From there, aim for the next targets at $7.43, $8.43, and a potential high at $16.81. Monitor closely for any signs of retracement or pattern shift!
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📉SHORT: $BTC (1D) #BTCUSDT | #BTC | #Bitcoin Market Cap $2132.39B Analysis: Bitcoin's recent dip shows signs of a strong correction, possibly touching below $90,000. There's potential support near $80,000 or $82,000. It’s a crucial moment to decide if this is a major correction or just a retracement. Keep calm, revisit your strategy, and monitor trends. Price Targets: If the correction holds, look for a consolidation phase above $80,000. A break below could test $82,000 support. On the upside, breaking resistance could lead to levels above $90,000, but watch for confirmation signals before acting.
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📈LONG: $WLD (1D) #WLDUSDT | #WLD | #Worldcoin Market Cap $1.63B Analysis: WLD is currently in a correction phase but remains bullish within the rising blue channel. The $1 mark offers solid support in the green zone, giving traders confidence in a potential rebound. Keep an eye on the general trend indicators for more insights. Price Targets: Look for a bounce to initial targets at $1.37 and $1.44. If momentum strengthens, anticipate upward moves toward the $1.70 mark. Stay alert for any changes in volume or external market news that could impact these targets.
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📈LONG: $SUSHI (1D) #SUSHIUSDT | #SUSHI | #Sushi Market Cap $159.55M Analysis: SUSHI has just broken out of the accumulation phase as per the Wyckoff Cycle, hinting at potential bullish momentum. The breakout is marked by increased volume, signaling the start of a markup phase. Keep an eye on market sentiment and volume for more clues. Price Targets: First resistance is around $1.20, with a subsequent target of $1.60 if momentum continues. If bullish pressure holds, aiming for $2.00 as a longer-term target seems feasible. Always consider setting a stop-loss below $0.50 to manage risk effectively.
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