🚨From Rags to Riches: Trader Who Turned $100 into $1,000,000💲
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Resistance Area: $0.273-$0.288 Price is currently testing the support area, and we may see a bounce from here. You can open a long position at the support area with a stop loss. We may see a bounce from the support area.
Bitcoin is currently moving sideways, and we may see a similar trend today. However, we can expect more action on Monday when the global markets open.$BTC
Bitcoin has tested the lower support area and bounced back from it. The resistance level is set at $95,000, so it will be interesting to see how the price reacts when it reaches that point. The US government moved more than 69,000 BTC, which contributed to the downward movement in price. However, it seems that the selling pressure is being absorbed by the market.
💵Bitcoin is currently showing a strong upward trajectory after forming a New Box Pattern. Here's the breakdown:
📊Entry Zone:
The ideal entry point was in the $65,000–$70,000 zone, where consolidation and accumulation took place.
📊Target Levels📈
📈Target 1 (TG1): $108,350 – The next immediate resistance zone.
📈Target 2 (TG2): $126,879 – A potential mid-term target if the bullish momentum continues.
📈Target 3 (TG3): $147,400 – A long-term projection for significant gains.
🔴Support Zone:
💵The $90,500–$93,000 area serves as a critical support level, which needs to hold to maintain the bullish trend.
🔼🔼 Observations:
✅Bitcoin has successfully broken out of its previous consolidation phase.
✅A pullback to the $90,500 region could provide a re-entry opportunity for those who missed the initial rally.
📌 Action Plan:
✅Monitor Bitcoin's movement near TG1. A break above TG1 could signal further upside momentum toward TG2 and TG3. Stay cautious of any rejections near resistance zones.
$AAVE has broken out of the symmetric triangle pattern downward, and the price has now reached the lower support area. You can consider opening a long position at this support level with a stop loss in place, as we may see a bounce from here. #CryptoMarketDip
Resistance Area: $9.90-$10.55 Price is slowly approaching the resistance area; let's see how it reacts. This is not a trade zone, so it's better to wait for a good opportunity.
$NEXO analysis: Resistance Area: $1.48-$1.56 Price is now approaching the resistance area; let's see how it reacts there. We will only open new long positions after a break above the resistance area.
$XLM has broken the downtrend channel and surged significantly. The price is currently testing the resistance area, and a breakout above this resistance would be bullish. You can consider adding more XLM if the price rises above the $0.47 level. #BitcoinHashRateSurge
Resistance Area: $0.33-$0.337 Price broke the symmetrical triangle in an upward direction and is now retesting it. You can open a long position at the retest. We expect to see a continuation of the upward movement in the coming days.
Resistance Area: $0.00004130-$0.00004460 $BONK continues its upward movement, and the long position has printed over 27% profit. You can increase your stop loss to break even and hold this position.
The price is currently attempting to reclaim the level. We will only open a long position after a candle closes above this level. A closing candle above $1.80 would be a bullish sign, indicating that we could see a solid rally thereafter.
The Japanese government said they remain cautious about holding Bitcoin in its national reserves, citing crypto’s exclusion from foreign exchange categories and concerns over security, liquidity, and volatility.
Bitcoin has once again been rejected from the resistance area and is unable to break through it. There is significant selling pressure at this resistance level, and we are likely to see a large move once this resistance is overcome.