Epicusdt scalp longTook a long position on Epicusdt. Targeting 1.3527.
Expecting price to correct back up before new york session to then dump back down.
Trade ideas
EPIC Is Bearish (2H)It has a bearish structure and is forming a trading kink, which acts as a supply zone. We expect a rejection to the downside from this supply area.
When your profit exceeds 10%, break even and secure some profits.
A daily candle closing above the invalidation level will invalidate this analysis.
A daily candle closing above the invalidation level will invalidate this outlook.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
EPIC/USDT Futures: Descending Triangle Breakout or Breakdown?Crypto Futures Technical Analysis (EPIC/USDT - 15m Chart)
1. Trend Direction:
The price is forming a descending triangle, indicated by the downward-sloping yellow trendline.
The trend is bearish, with lower highs being formed, suggesting strong selling pressure.
2. Key Support & Resistance Levels:
Support: Around $1.652 - $1.683 (highlighted in purple), where price recently bounced.
Resistance: At $1.819 - $1.85, near the descending trendline.
3. Potential Breakout or Reversal Points:
If the price breaks below the $1.652 support level with strong volume, a further drop is likely.**
If the price bounces and breaks above $1.819, it could confirm a bullish breakout.
4. Entry & Exit Points:
Long Entry: If price bounces off $1.652 - $1.683 with bullish confirmation.
Take Profit (TP): Near $1.819 - $1.85.
Stop Loss (SL): Below $1.652 (around $1.630).
Short Entry: If price fails to break $1.819 and rejects the descending trendline.
TP: Near $1.652 or lower.
SL: Above $1.85.
5. Risk-Reward Assessment:
The chart shows a risk-reward ratio greater than 1:2, making the long trade attractive if price holds support.
Watch volume spikes for confirmation—high volume on a breakout confirms strength.
Final Thoughts:
Bullish scenario: A break and close above $1.819 could trigger an uptrend.
Bearish scenario: A breakdown below $1.652 could push the price lower.
Monitor for candlestick confirmation (e.g., bullish engulfing, doji, or hammer at support).
Would you like a more detailed breakdown or strategy suggestions? 🚀
EPIC Is Building An Uptrend! Hey Traders, in today's trading session we are monitoring EPICUSDT for a buying opportunity around 1.75 zone, Epic is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.75 support and resistance area.
Trade safe, Joe.
