Goldfinch_song

Goldfinch_song

PRCL is currently in a downtrend. There was a test of the trend reversal point at $0.29, but the overall market sentiment remains bearish. Selling is the priority under the current conditions. 🔽 Short Position Strategy The main strategy is to focus on short positions, aligning with the prevailing downtrend. Entry Points for Short Positions: Upper Weekly Fair...

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The scenario remains valid. ZK is still in a downtrend, and we're looking for potential entry points for short positions. 🔽 Short Position Strategy Entry Opportunities: Look for entries into short positions at newly formed daily FVGs. Consider entering short positions if there's a short squeeze pushing the price into the $0.15 - $0.20 zone. This is...

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We have broken through the resistance at $0.26, but the asset remains in a downtrend . Potential Reversal Scenario Break and Hold Above $0.3548: A close above $0.3548 on at least the 1-day (1D) timeframe, preferably on the 1-week (1W) timeframe, could indicate a potential trend reversal. Impulsive Move to FVG Zone $0.45 - $0.61: An even stronger reversal...

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The scenario from the previous update remains intact. The $65,000 range was identified as a selling zone, with downside targets down to $42,000. Look for short setups on the daily timeframe from newly formed fair value gaps (FVG). A short squeeze is possible, with support found around $58,000 before a break above $65,000. Targets from $68,000 to $73,777 will open...

Goldfinch_song

The cryptocurrency market is poised for a correction sooner or later. By examining USDT Dominance (USDT.D), we can see a scenario unfolding where the dominance continues its decline to 5.26%, which roughly correlates with Bitcoin reaching $65,000. Detailed Analysis No Reaction at 5.5% Level: The expected market response at the 5.5% USDT.D level didn't...

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Bitcoin is approaching a critical level at $65,000, where significant selling volume is expected. The market's reaction at this point will largely depend on the timeframe in which this volume appears, setting the stage for Bitcoin's next targets. 📝 Scenario 1: Volume Validation on the 1D Timeframe In the worst-case scenario, if the selling volume is validated...

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📉 Important to note: Historically, the start of monetary policy easing has often been accompanied by market corrections. This time is likely to be no different. Investors should remain highly cautious.

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🔻 Trend Break Point: A break above $11 signals a potential trend reversal. The key resistance zone to watch is $11 - $15. 🔻 Consolidation Scenario: Keep in mind a possible wide range sideways movement, where after testing $11 - $15, the price could be pushed back down to $4 for consolidation and accumulation. 🔻 Downside: Liquidity buildup observed, which can be...

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🔻 Current Situation: expect a breakout in either direction. 🔻 Priority Target: $1.2 is the initial goal. The situation will need reassessment after that level. 🔻 Trend Break Point: A reversal pattern will be confirmed with price holding above $1.2 after a retest. Ideally, the price shouldn’t fall below $1 afterward. 🔻 Support Levels: In case of a downside...

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🔻 Trend Break Point: A trend reversal may occur if the price holds above $7.49. 🔻 Downside Risk: Failed to break the downtrend on the first attempt. Possible reaccumulation near the wick at $4.3 - $5.3. Below $3, there’s a freefall scenario. 🔻 Decision Zone: First targets for a bounce are $10 - $12.5. 🔻 Fundamentals: Positive sentiment around the ecosystem, with...

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🔻 Trend Break Point: A reversal may be confirmed if the price holds above $5. 🔻 Decision Zone: Early profit-taking can be considered around $10. Further moves depend on price action (PA). 🔻 Global Targets: Long-term upside targets are $20 - $30. 🔻 Fundamentals: Sentiment within the ecosystem remains negative. We’ll continue monitoring developments. 🔻 Downside...

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🔻 Trend Break Point: A bullish reversal could be confirmed if the price holds above $1.67. 🔻 Decision Zone: Price action seems to be forming a structure similar to May-October 2023. There is accumulated liquidity that could trigger a short squeeze. Near-term targets for a bounce are $1.7 - $2.1. 🔻 Fundamentals: Keep an eye on the unlock pressure. 🔻 Downside Risk:...

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🔻 Trend Break Point: A bullish reversal is likely if the price holds above $0.61. 🔻 Decision Zone: Key levels to watch for a bounce are $0.8 - $1. 🔻 Fundamentals: Monthly token unlocks every 16th of the month put selling pressure on the price. 🔻 Downside Risk: New lows are possible, and determining support levels is difficult—there's a potential freefall below...

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🔻 Trend Break Point: A confirmed reversal will occur if the price holds above $0.198. 🔻 Trading Range: Currently trading between $0.08 - $0.13. On 1D timeframe, an ABC bounce pattern is visible, which could indicate a bearish setup. Anything below $0.12 is considered short territory. 🔻 Fundamentals: Sentiment is concerning, with too much hype and many trapped...

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🔻Trend Break Point: Price needs to hold above $0.64 for a potential bullish trend break. 🔻Decision Zone: Key levels to watch for full profit-taking or continuation are $0.9 - $1.1. 🔻Fundamentals: After the Sybil airdrop rush, activity has significantly decreased. Monthly token unlocks every 16th could lead to manipulative movements. 🔻Downside Risk: If the lows are...

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Any deviation from the variables outlined here cancels the scenario and requires reassessment. From $57,000, I expect a correction to the 4-hour imbalance, followed by an impulse up to $61,000-$62,000, where short positions can be considered. The target would be the imbalance likely forming around the $56,000-$57,000 range, from where we could fuel up for a move...

Goldfinch_song

After the hype around the approval of spot ETFs, we saw an impulsive spike in May 2024. Many traders interpreted this as a signal for aggressive buying, but it turned out to be a bull trap, with each correction used for accumulation. Fast forward a few months, and we’re now witnessing a slowdown in market interest. This is supported by declining on-chain activity...

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Placing several limit orders with a small risk exposure (3-5% of the portfolio across all trades). If the macro data turns negative, traditional markets could repeat the early August pattern, and crypto is likely to follow. Plus, we're heading into September, historically one of the weakest months. Not taking any major risks here. 🟠Entry 🔴Stop Loss 🟢Take...