Based on the current momentum and moving averages, the market appears bullish.
Where to Buy:
If you're considering a long position, a potential buying zone could be around $0.7848, given the strong upward movement.
Take Profit:
Set your take-profit target around $0.85 to $0.90. These levels are above the current price and represent potential resistance points.
Stop Loss: Consider setting a stop loss below $0.72 or near the MA5 level ($0.7252). If it drops below that, it could indicate the bullish trend is weakening.
The price is showing signs of a bullish recovery after a recent dip. The movement above the short-term moving averages and a slight pullback suggests a long position may be a better option.
Where to Buy:
You could consider entering a long position around the current price 62,500. Another potential entry would be near the MA10 at 61,500, which may act as a support level if the price dips slightly.
Take Profit:
You can target the next resistance level at 63,400 for the first take profit.
If momentum continues, a second take-profit target could be set around 64,000 or 64,400, the previous high.
Stop Loss:
A stop loss can be placed around 61,800 (just below MA30) or slightly lower near 61,500 (MA10). This will minimize losses if the price reverses and breaks below support.
Based on the current momentum and moving averages, the market appears bullish. Entering a long position could be a better option at this moment. However, the sharp rise means the asset could also experience a correction, so risk management is essential.
Where to Buy:
If you're considering a long position, a potential buying zone could be around 0.00200 or 0.00205. If the price corrects back to the MA10 (0.00179), it could serve as another possible entry point.
Take Profit:
The next resistance level is around 0.00218 (the 24h high). You could set the first take-profit target there.A more aggressive target could be slightly above this, around 0.00220 or 0.00225, if the bullish momentum continues.
Stop Loss:
Consider setting a stop loss below 0.00190 or near the MA5 level for risk management. If it drops below that, it could indicate the bullish trend is weakening.
If you're in the red with any coin, don't worry! Share your screenshot and let me guide you on what to do next. 💪 Let's turn those losses into gains together! 🚀
💔 If you're in the red with any coin, don't worry! Share your screenshot and let me guide you on what to do next. 💪 Let's turn those losses into gains together! 🚀
$BTC Bitcoin won't even break through the $64k resistance level, indicating it's a trap. The real correction levels are around $51k or $48k before any sustainable upward movement can occur. Don't be fooled by this temporary spike; the market needs a proper correction before BTC can rally again.