Range
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Will the highest price of #BTC exceed 3W in the next week?
❤️Follow me，focus on#Web3 ,give you some steady ways to make money in a bear market💛
❤️Follow me，focus on#Web3 ,give you some steady ways to make money in a bear market💛
How to Survive Cryptocurrency Range Trading
In technical analysis, range trading happens when the market reaches a point where it’s no longer making any higher highs and higher lows – or lower lows and lower highs. Instead, it’s just trading in a horizontal fashion between a defined level of support and a defined level of resistance. The price action is moving between these support and resistance levels.
Once you see that type of formation on any price chart and on any time frame, we’ve got a range that we can examine a little bit more closely and trade off the support and resistance level until the range breaks out and gets invalidated.
How to Trade in a Range
The way we’re going to define our price ranges is quite simple: we will look for at least two price touches of support and two price touches of resistance.
Once we’ve identified the range and we have validation of the range, then it becomes a pretty simple matter of just going long at support and selling at resistance.
You can make great use of an oscillator indicator in a ranging trading environment to confirm the test of support/resistance and to add confluence to your price action readings.
It’s important not to get in trades in the middle of the range because you’re taking on more risk and the profit margin also decreases. It is important to remember that the more a level is touched, the higher the risk that it will be broken at the next test.
#informationuseful #Range
#CryptoNewss $BTC
#altcoins #CPIAlert
In technical analysis, range trading happens when the market reaches a point where it’s no longer making any higher highs and higher lows – or lower lows and lower highs. Instead, it’s just trading in a horizontal fashion between a defined level of support and a defined level of resistance. The price action is moving between these support and resistance levels.
Once you see that type of formation on any price chart and on any time frame, we’ve got a range that we can examine a little bit more closely and trade off the support and resistance level until the range breaks out and gets invalidated.
How to Trade in a Range
The way we’re going to define our price ranges is quite simple: we will look for at least two price touches of support and two price touches of resistance.
Once we’ve identified the range and we have validation of the range, then it becomes a pretty simple matter of just going long at support and selling at resistance.
You can make great use of an oscillator indicator in a ranging trading environment to confirm the test of support/resistance and to add confluence to your price action readings.
It’s important not to get in trades in the middle of the range because you’re taking on more risk and the profit margin also decreases. It is important to remember that the more a level is touched, the higher the risk that it will be broken at the next test.
#informationuseful #Range
#CryptoNewss $BTC
#altcoins #CPIAlert
$SOL
1. Market Trend
$SOL price often correlates with Bitcoin and other major cryptocurrencies. If Bitcoin remains stable or rises, is likely to maintain stability or see a slight increase. However, if there’s any negative sentiment or drop in the broader market, SOL's price might be affected.
2. Fundamental Factors:
The launch of new projects or partnerships on the Solana network could push its price upward. On the flip side, any negative news related to network security or stability could have an adverse effect on the price.
3. DeFi and NFT Market:
As Solana is heavily used in the DeFi and NFT sectors, any positive developments in these areas could increase demand for SOL, pushing its price higher.
4. Technical Analysis: If $SOL surpasses the resistance level of 150-155 in the coming days, it could signal a bullish trend. However, if the price falls below the support level of 140, it might experience a slight decline.
#Expected #Price #Range : Over the next week, SOL’s price could fluctuate between $140 and $160, depending on market conditions.
1. Market Trend
$SOL price often correlates with Bitcoin and other major cryptocurrencies. If Bitcoin remains stable or rises, is likely to maintain stability or see a slight increase. However, if there’s any negative sentiment or drop in the broader market, SOL's price might be affected.
2. Fundamental Factors:
The launch of new projects or partnerships on the Solana network could push its price upward. On the flip side, any negative news related to network security or stability could have an adverse effect on the price.
3. DeFi and NFT Market:
As Solana is heavily used in the DeFi and NFT sectors, any positive developments in these areas could increase demand for SOL, pushing its price higher.
4. Technical Analysis: If $SOL surpasses the resistance level of 150-155 in the coming days, it could signal a bullish trend. However, if the price falls below the support level of 140, it might experience a slight decline.
#Expected #Price #Range : Over the next week, SOL’s price could fluctuate between $140 and $160, depending on market conditions.
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Crypto Rollercoaster: Will Your Next Investment Soar or Crash?
In the dynamic world of cryptocurrency, recent trends have shown a blend of optimism and caution. Bitcoin, breaking the $41,000 barrier, demonstrates a market in recovery, particularly after a period of stagnation. The surge is attributed to factors like #Tesla 's unwavering Bitcoin hold, valued at $380 million, and the significant growth of BlackRock's Bitcoin ETF, surpassing $2 billion in assets. Meanwhile, Ethereum faces uncertainty with delayed ETF decisions, reflecting a cautious approach by the SEC.
Contrastingly, the crypto community buzzes over the shift from airdrops to points in project rewards. This move has sparked debate: points, seen as less thrilling compared to the monetary potential of airdrops, are nevertheless favored by venture capitalists for their flexibility and reduced regulatory risks.
Transitioning from the broader trends in the crypto market to a more specific analysis, let's look at the anticipated Bitcoin market behavior due to the weekend closure of the Chicago Mercantile Exchange (CME). The lack of trend-driven market momentum is expected to consolidate Bitcoin within a narrow range. The key trading reference points for this period are outlined as follows:
Buy Point One: 41500 USDTBuy Point Two: 41000 USDTLong Position Stop Loss: 40500 USDTSell Point One: 42000 USDTSell Point Two: 42500 USDTShort Position Stop Loss: 43000 USDT
This specific market analysis provides actionable insights for traders navigating the weekend's uncertain market dynamics.
#trending2024 #CME #Range #EthereumETF
Contrastingly, the crypto community buzzes over the shift from airdrops to points in project rewards. This move has sparked debate: points, seen as less thrilling compared to the monetary potential of airdrops, are nevertheless favored by venture capitalists for their flexibility and reduced regulatory risks.
Transitioning from the broader trends in the crypto market to a more specific analysis, let's look at the anticipated Bitcoin market behavior due to the weekend closure of the Chicago Mercantile Exchange (CME). The lack of trend-driven market momentum is expected to consolidate Bitcoin within a narrow range. The key trading reference points for this period are outlined as follows:
Buy Point One: 41500 USDTBuy Point Two: 41000 USDTLong Position Stop Loss: 40500 USDTSell Point One: 42000 USDTSell Point Two: 42500 USDTShort Position Stop Loss: 43000 USDT
This specific market analysis provides actionable insights for traders navigating the weekend's uncertain market dynamics.
#trending2024 #CME #Range #EthereumETF