Solana is currently experiencing a bullish trend, but I have made the decision to trade against it, anticipating a necessary correction for sustainable growth.
Taking into account the massive bearish wick on the daily candle of CTK, it seems that a short position would be widely supported.
ALGO/USDT is due for a retracement and correction after experiencing a significant uptrend previously.
The RSI and price of Zen indicate weakness, suggesting a bearish trend. Therefore, I have taken a short position.
Uma is currently in the premium zone and requires a correction to ensure healthy growth.
Filcoin is forming a head and shoulder pattern, a classical bearish reversal pattern. With this in mind, I am taking a short position with a risk-reward ratio of 1 to 5.
Based on my analysis, Zen appears to have a bearish outlook. Let's observe the current situation and see what unfolds. At the moment, it seems to be Rejecting a one-hour Order Block
The rejection of the 4-hour order block in Dogecoin may cause a price decline due to selling pressure from short traders. It is better to consider shorting at this time.
Aptos is rejecting the weekly order block. If it closes above, we can expect the price to shoot up. However, for now, in the short time frame, I find my setup to be short.
Since the sell-side has already been taken, the price is now poised for an upward movement. I have taken a long position.
Lever has been consistently reaching higher highs since february. making it one of the best altcoins to hold. As a short-term trader, it is a favorable time to take a long position. However, it may be wise to wait for a slight pullback before entering the trade.
For the past week, the algo/usdt has been hindering short traders from entering the market. Now, I believe it is time to anticipate a downward chop🪓.
Qnt is attempting to retrace to a 4-hour order block before making an upward movement. I have taken a quick short position and will exit once it reaches my take profit level. However, the bias is still unclear.
Atom experienced a significant surge in value, leading me to believe that it is time for a reversal. As a result, I have taken a short position, while other traders anticipate a further increase in price.
Dogecoin is rejecting a 4-hour order block and breaking a trendline, indicating an increase in buyer power at this level. As a result, I have decided to take a long position and secure profits on partials.
I plan to sell my position in Hourly Order Block Zen due to resistance on the 4-hour chart
There is a 4-hour order block that will likely drive the price higher, so I have taken a long position with a target of the 1-hour lower resistance.
DYDX is making higher highs, but I have doubts because there is also a bearish divergence. The price is likely to fall soon.