🔄 Let's dive into analyzing this cryptocurrency for trading in futures and even spot purchases together.
📈 Currently, in all time frames, our uptrend continues, with prices rising and reaching a new all-time high (ATH) .
🔓 In the 4-hour time frame, after an upward trend and entering a consolidation box, we managed to break the box's ceiling with resistance at 3.2360 and establish a new resistance level
⏳ To enter long positions at the right time, you can wait for confirmation of breaking the new resistance at 3.7122 and then open your long position. You can place your stop loss based on the broken candlestick as a risky approach or based on the previous resistance level according to your strategy
📊 At present, there is no specific entry point for short positions. Even if the support at 3.2360 is broken, it is recommended not to open a position. Using the Fixed Volume range tool in this box can help you observe trading volume, and we usually get more stop losses in this area .
🎯 For determining timely entry targets in long positions, you can expect a re-action based on your own strategy or considering Fibonacci levels, respectively at 4.0207, 4.2734, 4.6293 .
📈 It is recommended to review this coin's project once to understand the reason for this strong and abundant growth in these intervals .
💼 Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
📈 Currently, in all time frames, our uptrend continues, with prices rising and reaching a new all-time high (ATH) .
🔓 In the 4-hour time frame, after an upward trend and entering a consolidation box, we managed to break the box's ceiling with resistance at 3.2360 and establish a new resistance level
⏳ To enter long positions at the right time, you can wait for confirmation of breaking the new resistance at 3.7122 and then open your long position. You can place your stop loss based on the broken candlestick as a risky approach or based on the previous resistance level according to your strategy
📊 At present, there is no specific entry point for short positions. Even if the support at 3.2360 is broken, it is recommended not to open a position. Using the Fixed Volume range tool in this box can help you observe trading volume, and we usually get more stop losses in this area .
🎯 For determining timely entry targets in long positions, you can expect a re-action based on your own strategy or considering Fibonacci levels, respectively at 4.0207, 4.2734, 4.6293 .
📈 It is recommended to review this coin's project once to understand the reason for this strong and abundant growth in these intervals .
💼 Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.