Hope you all are making good profits!!
here i m taking trade on waves/usdt ill tell you guys the reason behind it and what is logic behind thid trade.
so very first thing it was on 200 day moving average which is my faverate support or resistance level to trust upon
and then when we connect bottom swing low then we can see there is one trendline that the...
Open long position on WAVES/USDT. 10% pump is expected.
Entry: $29.052 to $29.495
Stop Loss: $27.547
I am accumulating this on SPOT and some on futures with 5x leverage.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
In this trade idea I will be shorting the resistance area as there is a great supply zone.
I mix supply, and demand, support, and resistance concepts.
I am looking to scalp or get a 1:1 risk reward ratio.
The total crypto market overall is also having a hard time going to the upside as $BTC is near the resistance.
Price keeps getting rejected from the 8h supply zone and is failing to break through it ranging between the support at $28.445 and $32.5. MACD is bullish but RSI is bought and EMA ribbon is working as support as price is bouncing up from it. If it manages to break through the 8h supply we would be aiming for the highs and potentially new highs but if it breaks...
Recently, the price was attempting to break out of the channel to the upside (extremally bullish) forming an ascending triangle, however it was rejected 3x times and fell down to the bottom trendline of the channel.
If you're not already in and want to join the party, this might be an opportunity.
Entry: Current price (29.2) - 28.1
Price is moving nicely in an uptrend respecting the support line. It reached the 8h supply zone and got rejected more than once meaning that this is now a weak level and price should not struggle to break through at the next touch. However price also tested the support line multiple times and could also break through and go down until $28.445 before moving...
due to the bearish market's movement, BTC has taught 200 EMA for the second time in 26 hours, the way that the current market's trend continue, the manipulation would drag waves down to the orange $23.33, a close below that, would lead to $20.93 area.
WAVESUSDT - Long - Potential 12.73%
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (1X)
13.49 - 13.618
Entry Triggers- BTC continues to fall with volume draining from the alts meaning lots of good short opportunities out there.