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#BITCOIN IS READY FOR A HUGE BULL RUN.$BTC #WhiteHouseCryptoSummit
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What do you think NEXT??? #BinanceAlphaAlert $BTC
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BTC/USDT Analysis (1H Chart)
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#ShareMyTrades $FIL Buy Spot and hold big PUMP soon 🚀🤑
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#TrumptMarketInsights $TRUMP Here's an analysis of the chart Observations: Price Trend: The price has shown a significant decline, with a current price of $34.17, down -29.00% over the last 24 hours. The recent trend is bearish. Moving Averages (MA): MA(7): $35.91 MA(25): $46.66 The shorter-term MA(7) is below the longer-term MA(25), indicating a bearish trend. Support and Resistance: Recent High: $77.24 (resistance level). Recent Low: $27.25 (support level). Volume: Declining volume suggests weakening momentum. Suggested Strategy: Entry Point: Buy Zone: Wait for the price to approach the previous support around $30 - $31. Monitor for a reversal pattern (e.g., a bullish candlestick like a hammer or engulfing candle). Confirmation: Look for the MA(7) starting to curve upwards, crossing above the MA(25), signaling a potential trend reversal. Exit Point: Sell Zone: Conservative Approach: Around $45-$47, near the MA(25), as it may act as resistance. Aggressive Approach: If the price breaks above $47, aim for $60, where the next resistance might be. Risk Management: Set a stop-loss slightly below $30 to limit losses in case of further downward movement. Adjust the stop-loss as the price moves up to secure profits.
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