What does it mean if the candle closes above or below?
CryptoNinja99
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Bullish
$TRUMP All this about the hourly frame What you can do now:
Buy scenario (if you expect a rise):
Entry: Open a buy trade if the next candle closes above $26.00.
Take profit: First target: $26.30, Second target: $26.80.
Stop loss: Place stop loss at $25.50.
Sell scenario (if you expect a fall):
Entry: Open a sell trade if the next candle closes below $25.50.
Take profit: First target: $25.20, Second target: $24.50.
Stop loss: Place stop loss at $26.00.
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Recommendations:
Watch the next candle carefully.
If it shows bullish momentum, buyers may try to take control for a short time. If the selling pressure continues, the market is likely to return to $24.50 levels.
Conclusion:
Wait for a clear signal (close above resistance or break of support) before making a decision.
Risk management is essential, do not risk more than 2-3% of your capital in a trade.
Ok, can we have some advice, should we buy or wait?
Ahmad_Ali77
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Bitcoin's dominance has been confusing people lately, but it may look a lot better than you think.
Although the structure broke in a positive way for altcoins, they were trending lower, then rose higher than people expected and now they are down again. The reason for this is that the market structure works differently than most people think. Support lines are not absolute, and trend lines are not either. They are literally invisible lines that we draw ourselves.
Ok, what should we do in the morning? Should we buy or wait?
Ahmad_Ali77
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Bitcoin's dominance has been confusing people lately, but it may look a lot better than you think.
Although the structure broke in a positive way for altcoins, they were trending lower, then rose higher than people expected and now they are down again. The reason for this is that the market structure works differently than most people think. Support lines are not absolute, and trend lines are not either. They are literally invisible lines that we draw ourselves.
Some people asked me what is a “market downturn” or “market correction”.
Let me explain it in my own way.
Imagine that you are selling potatoes 🥔. One day, someone suddenly came and started saying that there will be a fast food fair and everyone can come with fries 🍟 and participate in a competition and they can become the best fries chain in town.
After hearing this, people rushed to buy potatoes. Due to the high demand and low supply, the price started to rise.
Some dishonest businessmen bought huge quantities of potatoes, stacked them and started selling them at higher prices. Let’s call them a potato syndicate.
Let’s say the price went up to 60%. However, after checking, the government found that there was a syndicate manipulating the prices. They announced the total supply of potatoes. After calculating, the market was corrected and the prices fell by 10
Total Market Cap without Bitcoin and Ethereum (12/20)
📌The current situation is at 859-883. If it stabilizes above it, it will move to 934-978. This will enhance the rise of alternative currencies, including targeting the top at 1.12-1.13. This area is the previous top, and rising above it will lead to price explosions.
📌If 859-883 is broken and stabilized below it, it will continue to 822-800. This will be negative for alternative currencies.
Deception Exposed: How to Avoid the#1Mistake That Kills Your Trading 🚨📉"
Have you ever entered a trade only to see the price bounce back and leave you hanging? 🤦♂️ Scams are the silent killer of your profits, but not anymore! Here’s the ultimate scam cheat sheet to spot the traps and trade smart. 🔍✨ What is deception? 🤔 Scamming occurs when price breaks key levels (support/resistance) only to quickly come back, trapping traders. Big players (institutions) use this to hunt stop losses and capture liquidity (LQ). 💰
$BTC The major currency is still trying to hold on after its recent rise, all traders found the news of BTC breaking 100k exciting and the gateway to the rise of the rest of the market currencies.
- So far we see that there is stability in all the market currencies .. followed by a slight correction only due to the recent resistance of the major currency 🚀💰.
A girl's love will make her leave you. Let the girl love you 🙃 This is exactly what applies to buying and selling currencies. From the time I entered trading, I buy the currency and it goes down ⬇️ I sell it and it goes up ⬆️ I buy it and it goes down. I let it go down a little bit more and so on...$$