BNX/USDT BNX ready to change the trend , so wait for shorti | Marticlues on Binance Square

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BNX/USDT
BNX ready to change the trend , so wait for shorting , soon the entry can come ,if its break $0.62 take shorting entry 
FOLLOW THE TAKE PROFIT AS GIVEN IN CHART
#BTC #eth2.0 #hongkongweb3festival2023 #fantasticdeals #Ethereum 

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#op $OP MartClues AI Trade Alert: Ascending Triangle Event: Ascending Triangle Pattern identified on August 29, 4:00 UTC. Trade Setup: Forecast: Possible bullish price movement towards the resistance level at 1.4342 within the next 3 hours. Strategy Consideration: Trend Traders: The ascending triangle is typically a continuation pattern that suggests a potential upward breakout. Consider positioning for a bullish move if the price approaches the resistance level.Swing Traders: Monitor the price action as it approaches the resistance level. A breakout above this level could signal further upside momentum. Support and Resistance: Target Resistance: The price is expected to move up towards the 1.4342 resistance level.Stop Loss: Place a stop loss below the lower trendline of the triangle to minimize risk in case of a false breakout. Actionable Strategy: Long Entry: Consider entering a long position as the price nears the resistance level, with a target of 1.4342. Watch for volume spikes as confirmation of a breakout.Risk Management: Set a stop loss below the lower trendline of the triangle to protect against potential downside risk.

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#FTM $FTM MartClues AI Trade Alert: Triangle Pattern Event: Triangle Pattern identified on August 29, 4:00 UTC. Trade Setup: Forecast: Possible bearish price movement towards the support level at 0.4218 within the next 1 hour. Strategy Consideration: Pattern Traders: The triangle pattern is currently forming, and its completion could lead to a sharp bearish move. Traders may consider entering a short position as the price approaches the lower support level.Scalpers: This setup offers a quick opportunity to capitalize on the potential downward move within a short timeframe. Support and Resistance: Target Support: The price is expected to decline towards the 0.4218 support level.Resistance Zone: If the pattern fails, the price may break upwards, so set a stop loss above the upper boundary of the triangle. Actionable Strategy: Short Entry: Consider entering a short position near the current price, targeting the 0.4218 support level. Ensure proper risk management by setting a stop loss above the upper trendline of the triangle.Risk Management: Protect your position by using a stop loss just above the triangle's resistance to minimize potential losses in case of a bullish breakout.

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#sol $SOL MartClues AI Trade Alert: Triangle Breakout Event: Triangle Pattern has broken through the support line on August 29, 4:00 UTC. Trade Setup: Forecast: Possible bearish price movement towards the target support level at 142.3721 within the next 1 hour. Strategy Consideration: Trend Traders: The break below the support line indicates a strong bearish signal. Consider entering a short position to capitalize on the anticipated downward momentum.Scalpers: This setup offers a quick opportunity to profit from the bearish move towards the identified support level. Support and Resistance: Target Support: The price is expected to move down to the 142.3721 level.Stop Loss: Set a stop loss above the broken support line to protect against potential reversals. Actionable Strategy: Short Entry: Consider entering a short position immediately, targeting the 142.3721 level. Monitor the price action closely to exit before the 1-hour window concludes.Risk Management: Use a stop loss just above the previous support line to manage risk effectively. 4o

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#shib $SHIB MartClues AI Trade Alert: Gartley Fibonacci Pattern Event: Gartley Fibonacci Pattern identified on August 29, 4:00 UTC. Trade Setup: Forecast: Possible bullish price movement towards target levels ranging from 1.373E-5 to 1.428E-5 within the next 4 hours. Strategy Consideration: Pattern Traders: This is a classic bullish Gartley pattern, suggesting an impending upward movement. Traders might consider entering a long position as the price approaches the lower target level.Swing Traders: Target the upper level of the range for potential profit-taking, while monitoring momentum indicators for confirmation. Support and Resistance: Target Range: The price is expected to rise towards the 1.373E-5 to 1.428E-5 range.Support Zone: Use the Gartley pattern's completion point as a potential stop loss to minimize downside risk. Actionable Strategy: Long Entry: Enter a long trade near the current price, aiming for the target levels provided. Adjust the position size according to risk tolerance and ensure to use a stop loss to protect against unexpected reversals.Risk Management: Set a stop loss below the pattern's low point to safeguard against a potential bearish reversal.

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#AR $AR MartClues AI Trade Alert: Approaching Support Event: Approaching Support Level at 22.6090 identified on August 29, 3:45 UTC. Trade Setup: Forecast: Possible bearish price movement towards the support level 22.6090 within the next 2 hours. Strategy Consideration: Short Sellers: Consider a short position as the price nears the support level, expecting a potential bearish movement towards 22.6090.Swing Traders: Wait for the price to reach the support level and observe for any signs of reversal or continuation before making a trading decision. Support and Resistance: Nearest Support: The key support level is at 22.6090, where the price might pause or reverse its recent decline.Nearest Resistance: If the price reverses, watch for resistance levels where the bearish trend could potentially resume. Actionable Strategy: Short Entry: Initiate a short trade targeting the support at 22.6090. Use technical indicators like RSI or MACD to confirm the bearish momentum.Risk Management: Set a stop loss slightly above the current level to minimize risk if the price reverses before reaching the support.

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