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Cryptomarket

BNB value buying ? read description after a good bearish trend price is in side ways phase 180-215 been good buying area and the stop loss can be done only below this any candle closed on daily time frame we can see bearish trend but the recent bear cycle performed from april 2023 to sep 2023.. currently price is making small candles as a sign of beairsh liqudity getting faded .................... TRADE SETUP .................... Buying above 222 (candle closed on daily) we look for the target of 270 and 290 this trade will be purely investing pov and no leveraged to avoid uncertaintity stop loss can be below 200 or 190 as per your risk reward
Long
by Jimmy_Rebello
$LINKUSDT Technical AnalysisOverview Over the past 500 days, BINANCE:LINKUSDT has exhibited a distinct sideways to downward trading pattern within the range of $8 to $4. This prolonged consolidation phase has been characterized by relatively low trading volumes. This consolidation phase is significant as it often precedes a substantial price movement, potentially in either an upward or downward direction. Long-Term Buying Opportunity One noteworthy area of interest for long-term investors is the liquidity box within the range of $3 to $4.9. This range presents a compelling buying zone, especially with an eye towards the anticipated bull run in 2025. Patience and Dollar-Cost Averaging (DCA) are essential strategies to consider. It's worth mentioning that a price level of $2.49 holds particular significance as it historically represents a potential golden buying opportunity, considering that during bear markets, altcoins have commonly experienced a 95% decline. Potential Trading Strategy Another intriguing trading opportunity emerges when the price of BINANCE:LINKUSDT breaks out of its current downward channel and successfully retests it with good volume. This setup offers favorable conditions for both long and short positions. The extended consolidation period of approximately 1.5 years indicates the potential for significant price movements. Traders should exercise caution and consider risk management strategies when entering such positions. Disclaimer This analysis is provided for informational purposes only and should not be considered financial advice. It is essential for all traders and investors to conduct their own research and risk assessment before making any trading decisions.
by utkarshx27