Hey guys, back with a new idea :)
Planning it on a relatively higher TF
>World cup narrative
>Good invalidation point
>low lev, bigger size, wider stop and target
Good feeling this plays out, but will cut prematurely if it starts acting weird
Ethereum Update:
1) On May 16th, 2022, 30,000 ETH was transferred by Vitalik Buterin and ETH dropped from 2100$-888$. (59%)
2) Yesterday 25th, November 2022, 40,000 ETH was transferred almost worth 47.7M$, eth might hit 500-700$ soon.
#ethereum
ETC acts as a mimic for anything related to Barry
now that there is a fear of further contagion re: Genesis, it being attached directly to Barry might fetch us this move fundamentally.
Also, technically it looks cooked just like other crypto.
I'm not in yet, but will soon be!
Good Luck!
All the levels are marked on the chart
When the price comes to our point of interest (If at all )
--> One can short 41400 PE with (40000 CE as hedge to reduce margin)
-->Entry level :41380 spot
-->SL level :41300 spot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the...
This feels fairly possible.
We have a poor low, lot of liquidity rests there.
Given the macro conditions of the world, this becomes quite possible.
Take the liquidity resting below then a big squeeze to ~$160-170 is what I imagine.
Good luck
Chart formed the classic bart pattern we always see in btc. 58-59.7k is a zone of heavy resistance where we may see a pullback. Price can retrace to 56-55k.
Dont do futures. Only spot.
Looks like FTT against USDT broke out of an ascending triangle. Target out of the triangle is $68. Let's go🚀!
This is my publication #21. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FTX Token/USDT FTTUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
- Filling long entries on the breakout retracement of XTZ.
- Looks like Wave 5 is due and target is around 3.50-3.57.
- Manage your trade according to your risk management.
