#SAND HAS ALREADY MOVED 6.80% AFTER OUR ENTRY: WHAT'S NEXT?
After our market entry for SAND we were able to witness a 6.80% growth that has corresponded to the day trading range since September 1, 2024. This range's low is 0.2263 and high is 0.2551, taking these into consideration, the support on this key levels is strong. Although, we're still checking for any possibilities to have a long wick at 0.1905 but this is still a zone where most demands are awaiting. Thus, a possible strong impulsive movement may occur from this key level. This impulsive movement may continue the retracements to test 0.3000 key level and so on.
#ROSE HAS NOW MOVED TO ITS NEXT LEVEL OF SUPPORT: WHAT'S NEXT?
Last August 2024 we had this analysis for ROSE:
ROSE is attempting to hold the key level 0.055. If this key level breaks, the next level of support will be at 0.047. This key level will establish new line of support on top of the broken resistance at 0.045-0.047. Once demand arises from the mentioned key levels, we can see strong bullish divergence forming for another continuation of the long-term markup.
September 2024 update:
As ROSE have already moved down the previous support that it attempted to hold at 0.055. We are now looking at the next level of support that held its declining momentum. There are also other key levels that we can see where it will create possible long wicks at 0.4551, 0.04172 & 0.03990. For the points of reversal that we're looking, we can safely assume that the supports mentioned could be made as its reversal points. However, the price with the highest chance of becoming its reversal point would be 0.03816 where the previous major resistance last 2020 was broken. We're also not denying the possible outcome of breaking down these supports (as its neckline) causing further declines.
EVERY TIME THIS TOKEN MOVES DOWNWARD, WE GAIN PROFIT WITH THIS SIMPLE YET PROFITABLE STRATEGY!
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The recent #NOT trade that we took has provided us 4.01%, 7.52% & 6.59% profit. If you take into account the next level of NOT, we can possibly earn more than 10%-20% as a potential swing trade. Right now, let me tell you the secret as to how we can take advantage of downward swings of NOT. Use the RSI tool and check the current condition of the market demand and supply for NOT. Since you can see the RSI getting closer to 60 and 70 in its hourly timeframe, you will have the overall idea that this token is getting closer to its overbought status. Now, you may have an estimate of around 0.0081-0.0096 as the price range with most sell orders awaiting in its momentary market situation. After, check the daily timeframe and verify whether you could see around 30-40 RSI. This will give you an overall outlook in the higher aspect of NOT. As this token gets closer to being oversold, you will gain more insights to purchase this at a discounted rate and as well as take some scalps/daily trades. Calculate the areas where most stop losses of those who are too hasty taking their longs are. For example, if most traders enter a trade at and set a stop loss at 0.00712, you may then set your entry at 0.00712. These are just sample entries and you can also add more confluences by checking with other strategies that you may have.
$NOT
Stay wise, trade cautiously.