Maybe the 70k ish is the fake but we might see 90k-95k retest
LIVE
GK-ARONNO
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BTC Idea💥🔥
$BTC
Bitcoin has formed a valid ascending channel and broke the last touch of it with an H4 candle and retested the downside of the channel which let us predict that it will be going down to retest the 70k support So we will enter a short (sell) position on this pair Be careful fam and followers this is a long trade with a big stop loss so small trade carefully with a right risk management Follow us for more updates and ideas
🚨🚨Beware of the Bull Trap📈: What It Is and How It Can Cost You in Crypto
The crypto market is known for its volatility, presenting both opportunities and risks. Among the risks, the bull trap is a notorious one that often catches traders off guard. But what exactly is a bull trap, and how can it cost you more than you expect?
A bull trap occurs when the price of a cryptocurrency shows a false signal of recovery or breakout, luring traders into believing that a bullish trend is beginning. These traders often rush to buy, hoping to ride the upward momentum. However, shortly after, the price reverses sharply, leading to unexpected losses.
How a Bull Trap Happens
1. False Breakout: The price breaks above a key resistance level, giving traders the impression of a strong uptrend.
3. Reversal: Once enough buyers are lured in, the price drops suddenly, trapping those who entered during the "breakout."
Why It Can Be Costly
1. Leverage Liquidation: Many traders use leverage to amplify their gains. In a bull trap, leveraged positions can quickly turn into massive losses.
2. Missed Opportunities: Capital locked in a bull trap means missed chances to invest in genuinely profitable trends.
3. Emotional Toll: Getting caught in a bull trap often leads to emotional trading, compounding losses.
How to Avoid Bull Traps
1. Analyze Volume: A genuine breakout often has high trading volume. Low volume during a breakout is a red flag.
2. Wait for Confirmation: Don’t rush in. Wait for the price to sustain above resistance levels over time.
3. Set Stop-Loss Orders: Always use stop-losses to limit potential losses.
Final Thoughts
Bull traps are common in the crypto market, especially during periods of high volatility or manipulation. By understanding how they work and applying caution, you can protect your portfolio from unnecessary losses.
As always, I’ve kept the chart simple and straightforward, so there’s no need for lengthy explanations:
- Bubbles: Red represents resistance, and green indicates support. - Trends: Clearly marked with blue lines. - Historical Resistance: Illustrated with violin lines.
Key Notes:
- As I’ve explained before, resistances often flip into supports over time, so in this graphic, i turned red older bubbles to green bubbles. simple as that..
- Like many altcoins, Polkadot (DOT) has broken out and is now showing bullish momentum.
Important Considerations:
- Keep in mind that most altcoins are heavily influenced by BTC, BTC Dominance (BTC.D), and USDT Dominance (USDT.D). To trade effectively, you need to monitor these factors simultaneously.
------------------------------------------------------------------ DOT Support and Resistance Levels: ------------------------------------------------------------------
Support 1: $9.50 (current level) Support 2: $7.50 Support 3: $5.80
From the point where we placed the red arrow on the chart, Cardano's correction began, and from the point where we placed the green arrow, Cardano's bullish pattern started.
The correction appears to be a symmetrical one, while the new bullish pattern seems to form an expanding triangle.
From the green zone, Cardano may potentially move upward again to complete wave E. $ADA
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You Best Regards, Trade Cryptocurrency Stay Tuned for Further Updates. #CardanoFoundationHack #FanTokensRise
🚨 $ADA ALERT: Big Move Incoming! Enter Now at $1.1397! 🚨
$ADA is showing a strong recovery after hitting a low of $1.0935. With the price now trending upward, it's approaching key levels for the next breakout or retracement.
Key Levels to Watch:
Resistance: $1.1519 – A breakout above this could lead to targets of $1.1789, $1.1832, and $1.20.
Support: $1.1200 – If the price dips below this, it might retrace toward $1.0935.
💡 Trade Setup:
Long Entry: Above $1.1519, with targets at $1.1789, $1.1832, and $1.20.
Short Entry: Below $1.1200, targeting $1.0935 or lower.
Stop Loss: Place it at $1.1050 for both setups.
⚠️ Note: Volume is picking up, signaling potential volatility. Trade cautiously and stick to your risk management plan.
🚨 $ADA ALERT: Big Move Incoming! Enter Now at $1.1397! 🚨
$ADA is showing a strong recovery after hitting a low of $1.0935. With the price now trending upward, it's approaching key levels for the next breakout or retracement.
Key Levels to Watch:
Resistance: $1.1519 – A breakout above this could lead to targets of $1.1789, $1.1832, and $1.20.
Support: $1.1200 – If the price dips below this, it might retrace toward $1.0935.
💡 Trade Setup:
Long Entry: Above $1.1519, with targets at $1.1789, $1.1832, and $1.20.
Short Entry: Below $1.1200, targeting $1.0935 or lower.
Stop Loss: Place it at $1.1050 for both setups.
⚠️ Note: Volume is picking up, signaling potential volatility. Trade cautiously and stick to your risk management plan.
$CAKE is the native governance token of PancakeSwap, one of the most popular decentralized exchanges built on the Binance Smart Chain . PancakeSwap enables users to trade BEP-20 tokens, provide liquidity, and earn rewards in the form of $CAKE tokens. It's known for offering low transaction fees, fast transactions, and yield farming opportunities.
The $CAKE token plays a central role in the PancakeSwap ecosystem, allowing users to participate in governance decisions, stake tokens, and receive rewards.
If you're seeing go up in value, it could be due to factors like increased usage of PancakeSwap, new partnerships, or positive sentiment in the Binance Smart Chain ecosystem. Let me know if you'd like more details on 's current market performance or updates
Only those who truly understand can see that ADA (Cardano) is on the verge of exploding. You need to understand—this is a one-on-one game. If you act out of emotion and let background noise influence you, you’ll likely sell because of some rumor about a hack or the current market dip. But if you act rationally, you’ll profit. When you sell, someone else buys at a lower price. Then the coin skyrockets, and the buyer profits while you lose.
Buy and hold the coin, especially during the dips.
Earlier, I put $1,500 on #ADA during its dip, thanks to a few scared, panicky losers who handed me their coins for cheap.
Only those who truly understand can see that ADA (Cardano) is on the verge of exploding. You need to understand—this is a one-on-one game. If you act out of emotion and let background noise influence you, you’ll likely sell because of some rumor about a hack or the current market dip. But if you act rationally, you’ll profit. When you sell, someone else buys at a lower price. Then the coin skyrockets, and the buyer profits while you lose.
Buy and hold the coin, especially during the dips.
Earlier, I put $1,500 on #ADA during its dip, thanks to a few scared, panicky losers who handed me their coins for cheap.