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SNTBTC trade ideas

$SNT weekly Breakout DoneNASDAQ:SNT weekly Breakout Done Trading cryptocurrency breakouts, especially weekly resistance breakouts, can be a profitable strategy, but it also carries a significant level of risk. Here's a step-by-step guide on how to trade a weekly resistance breakout: 1. **Understand the Basics**: - Make sure you have a good understanding of technical analysis, as it will be a crucial tool for identifying resistance levels and confirming breakouts. 2. **Choose Your Cryptocurrency**: - Select a cryptocurrency that you want to trade. It's best to focus on well-known coins with sufficient liquidity and trading volume, as they tend to exhibit more predictable price movements. 3. **Identify Resistance Levels**: - Use technical analysis to identify the weekly resistance levels on the cryptocurrency's chart. These are price levels where the asset has historically struggled to move beyond. 4. **Confirm the Breakout**: - Wait for a clear breakout above the weekly resistance level. This should ideally be accompanied by increased trading volume to confirm the strength of the breakout. Remember that false breakouts can happen, so confirmation is crucial. 5. **Set Entry and Stop-Loss Orders**: - Determine your entry point, which should be just above the resistance level where the breakout occurred. Set a stop-loss order just below the breakout level to limit potential losses in case the trade doesn't go as planned. 6. **Risk Management**: - Calculate your position size based on your risk tolerance. Never risk more than you can afford to lose. A common rule is not to risk more than 1-2% of your trading capital on a single trade. 7. **Take Profit Targets**: - Consider setting multiple take-profit targets. This allows you to lock in profits as the price rises. Traders often use a combination of technical analysis and indicators to identify potential levels where the price may encounter resistance. 8. **Monitoring and Adjustments**: - Continuously monitor the trade. If the price starts moving in your favor, consider trailing your stop-loss to lock in profits and reduce risk. If the trade goes against you, stick to your stop-loss and exit the trade. 9. **Emotional Discipline**: - Keep your emotions in check. It's easy to get carried away with trading, especially when dealing with cryptocurrencies known for their price volatility. Stick to your trading plan and avoid impulsive decisions. 10. **Stay Informed**: - Be aware of any news or events that could affect the cryptocurrency you're trading. Market sentiment can change rapidly based on news, regulatory developments, or market trends. 11. **Record and Analyze**: - Keep a trading journal to record your trades, strategies, and results. This can help you learn from your successes and mistakes, improving your trading skills over time. 12. **Seek Professional Advice**: - If you're new to trading or unsure of your skills, consider seeking advice from a financial advisor or trading mentor. They can provide guidance and help you develop a more solid trading strategy. Remember that trading cryptocurrencies, like any other form of trading, carries risk. It's essential to do your own research, practice with a demo account if you're new, and only invest what you can afford to lose. Additionally, past performance is not indicative of future results, so always exercise caution and use good risk management practices.
Long
by Crypto-Adda_Official
✳️ Status Network (Bearish vs Bullish Explained | Basics)Let's go straight into the signals: Bottom pattern & triangle. Broken downtrend (descending channel). Trading above EMA50. MACD bullish above zero. RSI strong above 55. Higher lows since June. Many other Altcoins also showing bullish signals. Just now I shared a trade idea for Status vs Tether (SNTUSDT). The chart is completely different to this one, the "1, 2, 3 UP Pattern", yet 100% bullish. Here we are looking at Status vs Bitcoin (SNTBTC). The signals are really strong not only because they are many but because they are showing up after a major low. Prices going down is actually bullish. Everything growing turns bearish at some point. I've seen many people reading it the other way around. They think high up is bullish and deep down is bearish... That's not how it works. ✔️ Bearish denotes a potential to move lower. ✔️ Bullish means potential for growth. When the market hits bottom it becomes strongly bullish because there is huge growth potential. On the other hand, when the market peaks it becomes bearish because the potential is high for a drop. This is basic, but it is good to have a clear picture as not to confuse how the charts are read and say "bearish" when things are bullish and "bullish" when everything is about to go wrong. Bullish comes out of red. Bearish comes out of green. Buy low. Sell high. Easier said than down... Unless you follow me. Namaste.
Long
by AlanSantana
1
SNT/BTC - Status: Super_Trend◳◱ We've detected a Super Trend pattern on the NASDAQ:SNT / CRYPTOCAP:BTC chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 0.00000103 | 0.00000109 | 0.00000121 and the major support zones are respectively at 0.00000091 | 0.00000085 | 0.00000073. We may consider opening a trade position at the current price zone at 0.000001 and benefit from the trend continuation. ◰◲ General info : ▣ Name: Status ▣ Rank: 232 ▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc, Bittrex ▣ Category/Sector: Infrastructure - Application Development ▣ Overview: Status is a mobile operating system that combines a decentralized browser and private messenger for the Ethereum network. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.000001 ₿ ▣ 24HVol: 4.219 ₿ ▣ 24H Chng: 4.167% ▣ 7-Days Chng: -3.82% ▣ 1-Month Chng: 5.24% ▣ 3-Months Chng: 8.43% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000103 | 0.00000109 | 0.00000121 ◢ Support: 0.00000091 | 0.00000085 | 0.00000073 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.08 ▣ Last 90D: 0.92 ▣ Last 1-Y: -0.56 ▣ Last 3-Y: 0.75 ◲◰ Volatility : ▣ Last 30D: 0.60 ▣ Last 90D: 0.83 ▣ Last 1-Y: 0.90 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.78 - V. Bullish ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.53 - Bullish ▣ In-depth SNTBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
✳️ SNTBTC | Opportunity Series #7We need to consider XRPBTC for a minute... While these charts might seen to be different, they are all the same. We have a low in May/June 2022 and a higher low in March 2023. This long-term higher low is being followed by a bullish wave, that's XRPBTC and other ALTSBTC pairs. What one does, the rest follows. SNTBTC is now within a higher low this month compared to the low produced mid-2022, this can lead to a bullish breakout. If you look at this pair on the daily timeframe, early reversal signals are starting to show up. - Today's candle is quite telling. After hitting a new low, it bounced with force and challenged resistance. - The RSI hit bottom 20-March and started to go up even as SNTBTC hits a new low, same for the MACD. - If you look at other exchanges with higher volume you can notice that today is also relevant. This is another opportunity. High potential for reward vs very low risk. Namaste.
Long
by AlanSantana
Status Moves Above MA200 | Potential 100%+We can see the SNTBTC candles cycling through MA200, the black line on the chart. We can see how this pair moves above and below this level which is a very important one. It helps define the long-term potential of a pair. Above it we are strongly bullish... Below it is bearish of course. Today Status moves above this indicator after a long-term higher low. With a bullish RSI, this is all we need to predict that it will grow. We are mapping a 100% target. I would also use a 10/15% stop-loss. Low risk, with high potential for rewards. This is the last one for today. Limit reached. Namaste.
Long
by AlanSantana
3
SNTBTC is testing the 0.5 Fibonacci level SNTBTC is testing the 0.5 Fibonacci level after the price bounced on the weekly structure. IF the price will have a breakout from the weekly structure and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16
Status (SNT) Three (3) Signals Tells Altcoins Going Bullish!We have three (3) signals to look at here that are telling us that Status (SNTBTC) is strongly bullish as well as the rest of the altcoins market. 1. We have very strong volume showing up on the daily timeframe. 2. We have a very clear higher low. 3. We have a rising trendline. There is more... We have a strongly bullish RSI (above 50).
 We also have the MACD bullish cross. 
SNTBTC is now trading above EMA10 and EMA21... We can expect additional growth. When one grows, the rest follows. The entire market is linked/interconnected. This is not financial advice. This information is shared for your own learning/entertainment purposes only. Thanks a lot for reading and for your amazing and continued support. Namaste.
Long
by AlanSantana
2
[STATUS] BUY NOW! %100 AND MAYBE EVEN MORE, MUTCH POTENTIAL! I have been following STATUS for a while and I see that there is a lot of potential in it. There is a good chance that it will go up 100%. I would advise buying soon. Because I expect it to rise very high. I am new myself so comments are always welcome as long as they help me. I hope you liked my advice and if you have any questions please let me know. I wish everyone a good day and I hope I have been useful. Have a nice trading day!
Long
by Tommie2020
1
SNT - STATUS buy before this coin will go top100 again! 🚀SNT is on our golden altcoins list on long term. It is very good project, price is after nice correction it can be very good time to buy the dip. If price decide to go lower we will buy more. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. This coin was in top 100 in last days, we believe that it will back there soon and we will get huge profit. 🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment. ❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts. ✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
Long
by Best_Altcoins_Trades
SNT - STATUS buy before this coin will go top100 again! 🚀SNT is on our golden altcoins list on long term. It is very good project, price is after nice correction it can be very good time to buy the dip. If price decide to go lower we will buy more. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. This coin was in top 100 in last days, we believe that it will back there soon and we will get huge profit. 🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment. ❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts. ✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
Long
by Best_Altcoins_Trades