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NFP / TetherUS PERPETUAL CONTRACT

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NFPUSDT.P trade ideas

$NFP Breakout Double Bottom Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: 1. **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of two consecutive troughs (lows) with a peak (high) between them. The lows are approximately equal and signify a possible reversal in the downward trend. 2. **Confirm the Pattern**: Before initiating a trade based on the double bottom pattern, it's essential to confirm its validity. Look for several signs to confirm the pattern: - Volume: Ideally, the volume should decline as the pattern forms and increase when the price breaks above the confirmation level. - Symmetry: The two troughs should be roughly equal in depth and width, forming a "W" shape. - Price Breakout: Wait for the price to break above the peak (high) between the two troughs, confirming the pattern. 3. **Entry Point**: Enter a long position (buy) once the price breaks above the peak (high) that separates the two bottoms. Some traders prefer to wait for a slight pullback after the breakout for a better entry point. 4. **Stop Loss Placement**: Place a stop-loss order below the lowest point of the double bottom pattern or slightly below the breakout level. This helps to limit potential losses if the pattern fails to hold, and the price resumes its downtrend. 5. **Take Profit Target**: Calculate the distance between the lowest point of the pattern (the bottom of the "W") and the peak (high) that separates the two bottoms. Then, project this distance upwards from the breakout point. This distance can serve as a potential target for taking profits.
Long
by Crypto-Adda_Official
1
Let's see NFPHello friends, I am Sadegh_Sonic . First of all, I would like to thank you for your unconditional support in my previous predictions about Bitcoin and other coins. And,,, Today I want to check this coin,, It has formed a corrective pattern that has 7 waves, I think we are on last wave, it will correct and after that, boommm, I make my buy in two steps, a small live step, and a second step on the yellow support area! Please do your own research, my analysis is just an idea!
Long
by Sadegh_Sonic
7
NFP/USDT BIG BREAKOUT IS COMING NFP/USDT Analysis: Anticipation is mounting for a potential significant upsurge in the NFP/USDT trading pair. Currently entrenched within a symmetrical triangle pattern, all indicators suggest an imminent breakout towards the upside. With a high confidence level of approximately 95%, the price is expected to breach this pattern in the near future. Considering the mid-term outlook, price targets are set at a range of $1 to $2. It is crucial to underline that this assessment is rooted in technical analysis and observation and should not be deemed as financial advice. Traders and investors are advised to conduct their own due diligence before making any investment decisions based on this information.
Long
by Crypto-By-Ghazi
1
NFP buy setupWe have a Boolean CH on the chart. The orders are well transferred from the boxes in which OF is inserted to the next node. The target is the supply box. Closing a daily candle below the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam