SSVUSDT.P trade ideas
SSV USDT longA long scalp trade on SSV/USDT could be favorable if the price holds above key support levels and shows increasing buying pressure on lower timeframes. Look for a breakout above immediate resistance with strong volume confirmation to target quick gains while maintaining tight stop-losses to manage risk.
SSVUSDT Nears Channel Breakout: Bullish Move Ahead!SSVUSDT Technical analysis update
SSVUSDT has been trading within a channel for the past 115 days. The price is now moving toward the channel's resistance, signaling a potential breakout. Currently, the price is trading above the 100 EMA on the daily chart, with high volume observed in recent days. Once the channel breakout is confirmed, a strong bullish move can be expected in SSV.
SSV target 354h time frame
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Entry: $21
TP: $35.37
SL: $16.6
RR: 3.27
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(1) Slowly climbing with the uptrend
(2) Got support twice at fib projection 0.382, also made a SL hunting ($19.82)
(3) Target for fib projection is $35.37, overlap with structural resistance
(4) Stop loss once going below $16.6
SSV looks bullish (4H)It looks like we had a big ABC (zigzag) now that wave C which had 5 waves is over.
SSV can move towards the specified targets on the chart while maintaining the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SSV target 26.54h time frame
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Entry: $19.05
TP: $26.5
SL: $16.6
RR: 3.04
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(1) Potential double bottom, expected time to reach $19.05 is Sep/E
(2) Maintain uptrend since $16.71
(3) Supports are overlapped from uptrend line and Fib retracement 0.382
(4) Need to break out the long-term downtrend since $66
(5) Stop loss once going below $16.6
SSVUSDT Corrective Wave 4 CompletedOn the daily timeframe SSV is showing that the corrective wave 4 is likely to be completely. The price has found strong support at 88.6% Fibonacci level, which has been respected multiple times.
Overall, I'd expect at least 1 more wave to the upside, completing the 5-Wave upside move. If/when our upside target will be reached, a 107% profit will be fixed!
Not to mention a superb 1:12 risk/reward setup.
Hope you enjoy it!