Many coins are losing structures, failing to hold under sell | SublimeTraders on Binance Square

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Many coins are losing structures, failing to hold under sell pressure. #Cardano  #ADA  is no exception. Target is the lower block

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⚠️⚠️⚠️New trade we want to share with you. ⚠️⚠️⚠️ 💬15 encouraging comments and we post it here.

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Traders, Let's break down the current Bitcoin/USDT chart on Binance, using the Heikin Ashi candles for a clearer trend perspective. Market Overview: #btc has been on a downward trajectory since mid-June, with the recent price action showing a sharp decline. We're currently trading at $56,530 as of July 6, 2024. Trend Analysis: The long-term uptrend that began in January has clearly lost steam. We've seen a series of lower highs and lower lows since March, indicating a shift to a bearish mid-term trend. The recent candles are predominantly red, signaling strong selling pressure. Key Levels: Support: Look for potential support around the $54,000-$55,000 range, which aligns with levels last seen in January. Resistance: The immediate overhead resistance sits at $60,000, with a stronger barrier around $64,000-$65,000. Targets: Upside: Short-term relief rally target: $60,000 IF bullish momentum returns, watch for $65,000 Major resistance and potential reversal zone: $70,000-$72,000 Downside: Immediate support target: $54,000 If bearish pressure continues, next major support: $50,000 Worst-case scenario in this cycle could see us testing $46,000-$48,000 Recommended trading strategy: Short-term traders: Look for oversold bounces, but be cautious of the overall bearish trend. Long-term holders: Consider accumulating on dips if you believe in BTC's fundamentals. Always use proper risk management. This market is showing high volatility.

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Ladies and gentlemen, this is your captain speaking. We've successfully landed our short trade at the 56,000 USDT runway, right on schedule. Please keep your seatbelts fastened as we may experience some turbulence in this crypto airspace. Our technical analysis instruments are showing some interesting readings. We might be clearing for takeoff soon, with potential bullish altitude gains targeting the 59,700 USDT and 61,400 USDT flight levels. However, be advised that sudden downdrafts could take us back to test the 54,000 USDT support zone. Remember, the crypto market is like flying through a thunderstorm - exciting, but unpredictable. Keep your tray tables in their upright and locked positions, and your stop-losses tight. We thank you for choosing Sublime Airlines, where every trade is a new adventure. Stay tuned for further market announcements.

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A little bit of $NOT can go a long way.

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You're going to like this #BTC☀ targets All right folks, we are out of the channel and we might just be witnessing the confirmation rejection from the upper side and this ...with an order block , which means buyer interest is heavy. Now because we go into the unknown we can only base our targets on projections, and what better projection tool than the good ol' fibonacci retracement. Targets in sight - $72.5k ,$80k and $84.5k ish For the stop loss we are taking the 0.66 support with some aditional margin of error.

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