Bitcoin will return to its normal state 70--50 And currencies will start to rise until the end of 2025 and will repeat their movement like this year Everyone is sad and broken... Yes, this is the digital world 💔
What to do: You open a trade, you are sure that you will close it manually and when the next 4-hour candle closes. You go to sleep 😴 to see when you wake up surprise! Having too much liquidity ruin your trade, leaving you with a bigger loss than expected – or worse, no account to trade with. Sound familiar? If it hasn’t happened to you (yet), trust me it will. That’s why I never leave a soft stop loss and always use a hard stop loss. Here are 10 reasons to understand why:
1. Moving Average (MA): The price is currently near its 24-hour high, which suggests short-term bullish momentum.
2. EMA: If the price crosses above the EMA for the short timeframe (e.g., 15m or 1h), it will further confirm bullish momentum.
3. Bollinger Bands (BOLL): If the price is at or near the upper Bollinger Band, it signals overbought conditions, suggesting caution. A breakout above the upper band could indicate continuation.
4. Parabolic SAR (SAR): If the SAR dots are below the price, this signals an uptrend.
Trade Strategy:
Bullish Scenario:
Entry: Consider entering a position if the price breaks above the 24h high at 0.00190182, confirming a continuation of bullish momentum.
Targets:
1. Target 1 🎯: 0.00195000 (next resistance level based on recent high and market psychology).
2. Target 2 🎯: 0.00200000 (psychological resistance, major round number).
3. Target 3 🎯: 0.00210000 (upper Bollinger Band area, indicating potential overbought conditions, possible reversal zone).
Stop-Loss: Place a stop just below the 24h low at 0.00169000, ensuring protection if the price reverses.
Bearish Scenario:
Entry: Consider entering a short position if the price drops below the 24h low at 0.00169000, signaling a potential reversal or correction.
Targets:
1. Target 1 🎯: 0.00165000 (previous support or a reasonable pullback).
2. Target 2 🎯: 0.00160000 (a further correction towards the lower end of the recent range).
3. Target 3 🎯: 0.00150000 (a more significant retracement if bearish momentum accelerates).
Stop-Loss: Place a stop just above the 24h high at 0.00190182, minimizing risk if the trend continues upward.