SHORT
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$LINK holds a special place in my trading endeavors.
Despite experiencing a notable rebound, it appears that resistance around $19 is proving to be formidable. While the trajectory of BTC remains a crucial factor, I remain vigilant for a potential reentry opportunity for a new #SHORT position. The current market conditions suggest a stretched valuation without sufficient catalysts to support further upward movement. Therefore, I await confirmation of BTC weakness alongside a clear sell signal in the #LINK market.
I anticipate a potential consolidation phase in this price range. It is imperative to closely monitor indicators such as BTC.D and BTC before considering any entry positions.
My assessment suggests that BEARS may exert downward pressure, potentially driving the price below $17.60. Such a scenario could propel us towards the lower boundary of the flat channel, which resides around $13.50.
#Chainlink
Disclaimer: This stellar analysis comes straight from the insightful Ualifi Araújo ( X - ualifiaraujo ), a beacon of wisdom in the crypto realm. Shared with permission within the Binance community, it's important to remember that this analysis is for educational purposes only. DYOR (Do Your Own Research) and remember, this isn't financial advice—just a thrilling ride in the crypto world! 🚀
Despite experiencing a notable rebound, it appears that resistance around $19 is proving to be formidable. While the trajectory of BTC remains a crucial factor, I remain vigilant for a potential reentry opportunity for a new #SHORT position. The current market conditions suggest a stretched valuation without sufficient catalysts to support further upward movement. Therefore, I await confirmation of BTC weakness alongside a clear sell signal in the #LINK market.
I anticipate a potential consolidation phase in this price range. It is imperative to closely monitor indicators such as BTC.D and BTC before considering any entry positions.
My assessment suggests that BEARS may exert downward pressure, potentially driving the price below $17.60. Such a scenario could propel us towards the lower boundary of the flat channel, which resides around $13.50.
#Chainlink
Disclaimer: This stellar analysis comes straight from the insightful Ualifi Araújo ( X - ualifiaraujo ), a beacon of wisdom in the crypto realm. Shared with permission within the Binance community, it's important to remember that this analysis is for educational purposes only. DYOR (Do Your Own Research) and remember, this isn't financial advice—just a thrilling ride in the crypto world! 🚀
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🙄If I'm not mistaken, then the comma in the throne network is now higher than in the broadcast network. Tron lives on cheap usdt transfers. But the situation is changing 🔀
If less people transfer USDT through the TRC network, then less people will buy $TRX to pay commissions 🔢 Demand falls - the price falls.
But either I’m wrong, or the market doesn’t price it yet.
📊On the daily chart we see the establishment of a local maximum on the ask delta - a lot of people are buying. But on M5 we see that the efforts of buyers have met resistance and have not yet led to an increase in price☹️ And the price falls without significant sales.
For me personally, this is a weakness of a limit buyer and a good opportunity to consider a short position⬇️
p.s. demand may continue, D.Sun loves buyback of his token, risk must be controlled👨🏫
If less people transfer USDT through the TRC network, then less people will buy $TRX to pay commissions 🔢 Demand falls - the price falls.
But either I’m wrong, or the market doesn’t price it yet.
📊On the daily chart we see the establishment of a local maximum on the ask delta - a lot of people are buying. But on M5 we see that the efforts of buyers have met resistance and have not yet led to an increase in price☹️ And the price falls without significant sales.
For me personally, this is a weakness of a limit buyer and a good opportunity to consider a short position⬇️
p.s. demand may continue, D.Sun loves buyback of his token, risk must be controlled👨🏫
ZRX : SHORT SELL SIGNAL : QUICKIE? IT CAN BE OUR LITTLE SECRET..
Sell ZRX from current price ~$0.4010 down to $0.3300.
Go easy on the entry, as it might still finish with a flair at the tip, but this ol'slag is always ready to go South..
Have toys, can play..
TV Chart:
https://www.tradingview.com/chart/ZRXUSDT/NS7S2Po6-ZRX-SHORT-SELL-SIGNAL-QUICKIE-IT-CAN-BE-OUR-LITTLE-SECRET/
#Write2Earn
#TradeNTell
#ZRX
#SHORT
#METHOD
Sell ZRX from current price ~$0.4010 down to $0.3300.
Go easy on the entry, as it might still finish with a flair at the tip, but this ol'slag is always ready to go South..
Have toys, can play..
TV Chart:
https://www.tradingview.com/chart/ZRXUSDT/NS7S2Po6-ZRX-SHORT-SELL-SIGNAL-QUICKIE-IT-CAN-BE-OUR-LITTLE-SECRET/
#Write2Earn
#TradeNTell
#ZRX
#SHORT
#METHOD
