LOOMUSDT %180 Daily Volume Spike! Active Buyers!LOOMUSDT has seen a 180% increase in volume , indicating strong buyer activity. These levels present potentially good entry points ; however, given the overall market conditions , achieving a significant rise could be challenging. It is essential to manage your risk carefully .
Key Points:
Volume Spike: A 180% increase signals heightened activity and buyer interest.
Market Conditions: Weak general conditions necessitate cautious and calculated risk-taking.
Confirmation Indicators: I rely on CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks on lower time frames for validating trades.
Learn With Me: If you want to master how to use CDV, liquidity heatmaps, volume profiles, and volume footprints to identify accurate demand zones, just DM me. I’d be happy to guide you!
Reminder: Be aware of the market's current state and approach it with caution. Successful trading relies on meaningful levels and robust confirmations.
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you! Wishing everyone success in their trades.
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
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I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on.. L
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Support zone: 0.12938-0.13514Hello?
Hello traders!
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(LOOMUSDT chart)
There isn't much we can tell from the current charts.
However, the only thing is that the 0.12938-0.13514 section is the support section.
Accordingly, please refer to the LOOMKRW chart below.
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(LOOMKRW chart)
(1M charts)
Since it has risen sharply above 83.5, support and resistance points can be identified.
It is necessary to confirm whether the HA-High indicator can be generated with this increase.
(1W chart)
The box range is 75.0-300.0.
However, the key is whether it can rise above 261.
If not, you should check for support around 182-190.
(1D chart)
A volume profile section is formed at point 209.
Accordingly, if the price rises to the 209-261 range and maintains the price, I think there is a high possibility of creating a new wave.
If not, and it falls, you need to check if it is supported around 177-188.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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LOOM is risky for buyersThe LOOM symbol has been rising for some time and with its listing in various exchanges, especially in the futures section, its trading volume has increased and has become more bullish.
But you should note that it is now in a resistance order block and the origin of a falling movement.
If you are thinking of buying, you should be careful because if the approvals are issued, the price can change and move towards the green area.
The upward momentum is strong and confirmation and triggers are likely to be issued before the fall.
We have 3 big waves, as abc. Now the third wave, c, at the 0.718 fibo is wave a, which is a resistance zone.
We also had two liquidity pools, which I marked with the $$$ sign, and these pools were also collected.
We still don't have a confirmation or a trigger for the drop, but we are in an important resistance zone. This analysis will be updated soon L
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✳️ Loom Network 330% Potential Exposed (Name Your Altcoin #53) The best trades are those that make you money.
The best trades are those that are successful.
The best charts are those that move according to what you predict.
If I see up and it goes up...
If I buy long and it goes up...
That's all that we need!
A bullish breakout can happen after 1 day, 2 weeks or 3 months... We never focus on the timing but instead of the support and resistance levels.
When a pair remains above our stop-loss it is always active.
If it goes below, that's a loss.
When it starts moving and hitting targets, that's a successful trade... All that is left is for us to collect profits and move to the next one.
Endless opportunities available always so, if you miss one, another one will show up.
We saw some great pairs doing 100%, 200% and even 300% in a matter of weeks, some even days... These are red now.
After a strong bullish breakout or wave, a correction takes place.
Here we have a new one. Loom Network (LOOMBTC).
Long-term rising channel. Higher highs and higher lows since December 2020. That's all we need.
Moving above EMA10 and EMA50 just now, this week.
We consider the RSI strong above 30 weekly, this one is at 52+.
If these signals aren't enough, LOOMBTC is moving above MA200 weekly, closing above it is really strong.
The action today happens after a higher low.
Higher lows will lead to higher highs and thus the targets/resistance levels become our goal.
Easy, first, we have 116%.
Mid-term, 330%.
You can define your own risk, meaning, you need a plan to stop the trade if it goes wrong.
Yes, the signals are good and going green but things can change anytime.
Just make sure to never set a stop-loss order but instead do it manually... Because the cryptocurrency market is volatile and can produce wild swings.
Your stop-loss can be hit/activated and the next day prices recover and grow.
With a long-term manual stop-loss, you would have to see one or two weekly candles closing below your level before you stop a trade. If this criteria isn't met, you continue holding and the results is money saved.
Namaste.
