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Syed Shuvo
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I also gave you the exact
pepe
playbook in this analysis that I did. Swept the lows and sent.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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PEPE
0.00002389
+2.75%
354
0
Replies
0
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Syed Shuvo
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For $SOL, we're looking for the S3 mean reversion play. Looks less likely to be obtained if BTC & ETH decide to recover strongly here. A drop into 219 seems more appetizing for a trade, and frontrunning it slightly does not provide us with accurate triggers to assume the set up. Ideally, we'd like to see a deviation to help us confirm an invalidation level, followed by a reclaim of 219.75 to assume the trade back into S1/S2 levels. Looks like we might miss the opportunity on this one, but we're cool with having exposure on 2/3 of the better performing majors right now. Some will miss, some will hit. Funding 0.0172 - 0.0259 which is significantly higher, assuming the mean reversion play can still drop and do what we're looking for before making its move. Patience on this one.
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$JTO**: Watching for this m10 ob cluster reclaim
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Closed $PEPE out a bit too early for a 7% move. But I'm not complaining. Up 12% now. Going to look for another bid. Gave entry, invalidation, and typical TPs of R1,R2,R3.
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Looked at BONK as well on stream, given the green demand box highlighted during it. Overall, think this can move strongly with the 200EMA and Pivot supporting the intra-day chart. Problems arise towards the daily 200EMA, being the 0.23569 area. This is still 5-6% away. If we're given enough momentum, I expect BONK to move quickly. Can look at the below to consider a set up if its given again. A push above R1 would signal the chase play/continuation.
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**BTC - Update** > *BTC has finally reached the 65K area, which remains a key level. It has closed a daily candle above August highs, which to me is really bullish...If the market is truly bullish from here, it will leave people calling for low 60s sidelined. Accepting back below 64.2K and I would remain cautious. Acceptance above 65K-64.2K and the ATH area should be tested in the near-term. On a LTF, there are a few resistance levels at 66.5K and 68Kish.* BTC going as described this morning and for the past few weeks. BTC up over 3% from our 65K level. Reclaim 65K-64.2K, everyone calling for a pullback, move to 66.5, which is our first LTF resistance level. Exactly the reaction you want to see after reclaiming such a big level. A bullish market never gives sideliners the perfect pullback. Now focus on a weekly close above 64.2K. If we get that, I think range highs can be tested in the near-term.
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