SUCCESSFULLY INITIATED TRADES OF THIS MONTH! WHAT ARE OUR NEXT TRADES?
#SATS COULDN'T TOUCH OUR STOP LOSS AND WENT WITH A 15.64% INCREASE
When you zoom out SATS, you can see that it has been moving in range since April of this year with some depths at 0.00022-0.00011. Taking the ranging market structure and as well as the depths created by this token. We can safely assume that its preparing for a major move. This ranging market just shows the possibility of an accumulation happening taking a rally into account. With this in mind, we have weighed in the 3 possible scenarios that could play out. Before that, since the ranging market structure happened, we have already secured 15.64% increase from its recent swing. Hence, once any of these market scenarios happen, we will be prepared to continue our benefit-hunting with this token.
Here are the scenarios.
1st Scenario: SATS could potentially continue to play out a ranging market structure with the same price range from 0.00022-0.00038. This scenario gives us a 30.57% probability as the likelihood to continue a ranging market structure after 5 months could only happen in 2 out of 10 cryptocurrencies, e.g. SFP & XMR.
2nd Scenario: This token is currently accumulating its strength and once the tests for its demands and as well as devouring of its selling pressure is done. We might see a possible strong rally from here on out. The likelihood of this happening have a 72.89% probability of happening since it has already undergone a strong decline and the only factor disapproving of this scenario is the fact that it still has yet to experience a strong oversold status.
3rd Scenario: The distribution phase for this token may be considered as completed. Although, its markdown is still yet to fully accomplish itself. The ongoing markdown is still showing signs of potential rejections on these key levels highlighted. Its bearish sentiment within its market structure is still showing hence the probability for it to happen is around 45.16%. The likelihood of this token to not happen is the fact that the overall market sentiment is bullish especially with tokens like BTC, ETH and SOL.
Any other scenarios could still fall under these three scenarios highlighted. Nonetheless, in the event that any of these scenarios happen, we can react to them since we've already highlighted the possibilities that's going to happen with SATS market structure.
#FLM HAS COMPLETED ITS RETRACEMENT BELOW ITS MAJOR SUPPORT (TOOK A TOTAL OF 42.82% PROFIT ON SHORTS!)
FLM has now moved from testing its minor resistances at 0.061-0.065 to the lower levels of 0.049-0.052. This move alone, provided us 3 opportunities for a short trade. Using the Fibonacci tool, we were able to get a vision on where the market will take us. 0.0491 key level has provided further proof on how strong the hold for FLM has on this zone. Since we already have the vision that the 0.0392, 0.0453 and 0.0491 will have the highest volume of buy orders and 0.0597 & 0.0652 will have the highest volume of sell orders. We are confident as to where to put the buy and sell orders. Right now, we are awaiting FLM's strong test on these minor resistances until it breaks for it to go back to the previous major support it held since 2022.
#FLOKI 3.87% & 28.94% PROFIT WITH ITS RECENT REJECTIONS: HERE'S HOW
The rejections that has happened at 0.000155-0.000159 shows how high the interest to do selloffs traders have. Following our ER, we have analyzed the need for FLOKI to balance the recent impulsive surge from 0.000055-0.00033. Our estimated balancing of the supposed to be equilibrium status of FLOKI's market structure should be around 0.000069-0.000091. Stops on any of the key levels between or slightly above/below of this price range will cause another markup to ensue. Right now, we're willing to enter the market with more sell orders until the overall buyers will be temporarily exhausted. Once, the market shifts after these key levels we've highlighted we will then join immediately (but patiently) with long orders.