#crytpoanalysis
crytpoanalysis
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Bearish
SOL Update: Range Break, Waiting for a Retest (4H)
SOL spent two days in a 102.5 to 107.4 range after bouncing from the 100.6 low. On Oct 16 it dropped out of the range on strong volume, and it is now bouncing slightly at 104.5. BTC and other majors are also weak, so the wider market is under pressure.
Key levels
Resistance: 105.7 to 106.7, then 107.4
Support: 102.5, then 100.6
Trend: down to sideways on the 4H chart.
Example setup (short on a bounce)
Entry: 106.4 (wait for a rejection candle, don't enter on a touch)
Stop loss: 108.5
TP1: 102.6
TP2: 100.9
Invalidation: a 4H close above 108.5. If price drops below 102.5 without retesting, don't chase it.
I'm not taking long here: the trend is against it and the risk/reward is poor.
This is for learning and sharing views only, not financial advice. Always use a stop loss, low leverage and small size. Do your own research.
#SOL #solana #CrytpoAnalysis #TradingSetup
SOL Update: Range Break, Waiting for a Retest (4H)
SOL spent two days in a 102.5 to 107.4 range after bouncing from the 100.6 low. On Oct 16 it dropped out of the range on strong volume, and it is now bouncing slightly at 104.5. BTC and other majors are also weak, so the wider market is under pressure.
Key levels
Resistance: 105.7 to 106.7, then 107.4
Support: 102.5, then 100.6
Trend: down to sideways on the 4H chart.
Example setup (short on a bounce)
Entry: 106.4 (wait for a rejection candle, don't enter on a touch)
Stop loss: 108.5
TP1: 102.6
TP2: 100.9
Invalidation: a 4H close above 108.5. If price drops below 102.5 without retesting, don't chase it.
I'm not taking long here: the trend is against it and the risk/reward is poor.
This is for learning and sharing views only, not financial advice. Always use a stop loss, low leverage and small size. Do your own research.
#SOL #solana #CrytpoAnalysis #TradingSetup
SOL spent two days in a 102.5 to 107.4 range after bouncing from the 100.6 low. On Oct 16 it dropped out of the range on strong volume, and it is now bouncing slightly at 104.5. BTC and other majors are also weak, so the wider market is under pressure.
Key levels
Resistance: 105.7 to 106.7, then 107.4
Support: 102.5, then 100.6
Trend: down to sideways on the 4H chart.
Example setup (short on a bounce)
Entry: 106.4 (wait for a rejection candle, don't enter on a touch)
Stop loss: 108.5
TP1: 102.6
TP2: 100.9
Invalidation: a 4H close above 108.5. If price drops below 102.5 without retesting, don't chase it.
I'm not taking long here: the trend is against it and the risk/reward is poor.
This is for learning and sharing views only, not financial advice. Always use a stop loss, low leverage and small size. Do your own research.
#SOL #solana #CrytpoAnalysis #TradingSetup
101
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Article
Why $QI is Retesting 2024 Highs: Is a Breakout to $0.04 Next? 🚀Since 💲QI (BENQI) is currently one of the top gainers on Binance (up over 30%), it is the perfect candidate for a "Write to Earn" post. High volatility usually leads to high trading volume, which means more commissions for you.
Here is a high-conversion draft you can use. Remember to insert the 💲QI chart widget and cashtag before publishing.
## Why 💲QI is Retesting 2024 Highs: Is a Breakout to $0.04 Next? 🚀
The Avalanche ecosystem is heating up, and **💲QI (BENQI)** is leading the charge with a massive +30% move today. While many were looking at majors, 💲QI has quietly reclaimed key liquidity zones. Here is my breakdown of why this move is happening and where I’m looking to take profits.
## 1. The Catalyst: Liquid Staking & Subnet Growth
BENQI remains the dominant liquidity protocol on Avalanche. With the recent surge in 💲AVAX TVL, users are flocking back to $sAVAX (liquid staking). Increased protocol revenue directly benefits the 💲QI ecosystem, and we are seeing that reflected in the price action today.
## 2. Technical Analysis: The "Cup and Handle" Play
On the 4H chart, 💲QI has successfully broken out of a massive consolidation zone.
* Support: We’ve established a strong floor at $0.018.
* Immediate Resistance: We are currently battling the $0.024 level.
* The Target: If we flip $0.025 into support, the volume profile suggests a clear run toward $0.038 - $0.042, a level we haven't seen in months.
## 3. Smart Money Flow
On-chain data shows a significant decrease in 💲QI exchange inflows over the last 48 hours. This suggests that whales are moving their tokens to cold storage or locking them for governance rather than selling into this pump.
## ⚠️ My Strategy
I am personally holding my position but trailing my stop-loss to $0.021 to lock in gains. I’ll be looking to add more if we see a healthy retest of the breakout point.
What’s your move?
Are you FOMO-ing into 💲QI at these levels, or are you waiting for a pullback to the 20-day EMA? Let’s discuss in the comments! 👇
#BENQI #Avalanche #Crytpoanalysis
$QI
{spot}(QIUSDT)
Why $QI is Retesting 2024 Highs: Is a Breakout to $0.04 Next? 🚀
Since 💲QI (BENQI) is currently one of the top gainers on Binance (up over 30%), it is the perfect candidate for a "Write to Earn" post. High volatility usually leads to high trading volume, which means more commissions for you.
Here is a high-conversion draft you can use. Remember to insert the 💲QI chart widget and cashtag before publishing.
## Why 💲QI is Retesting 2024 Highs: Is a Breakout to $0.04 Next? 🚀
The Avalanche ecosystem is heating up, and **💲QI (BENQI)** is leading the charge with a massive +30% move today. While many were looking at majors, 💲QI has quietly reclaimed key liquidity zones. Here is my breakdown of why this move is happening and where I’m looking to take profits.
## 1. The Catalyst: Liquid Staking & Subnet Growth
BENQI remains the dominant liquidity protocol on Avalanche. With the recent surge in 💲AVAX TVL, users are flocking back to $sAVAX (liquid staking). Increased protocol revenue directly benefits the 💲QI ecosystem, and we are seeing that reflected in the price action today.
## 2. Technical Analysis: The "Cup and Handle" Play
On the 4H chart, 💲QI has successfully broken out of a massive consolidation zone.
* Support: We’ve established a strong floor at $0.018.
* Immediate Resistance: We are currently battling the $0.024 level.
* The Target: If we flip $0.025 into support, the volume profile suggests a clear run toward $0.038 - $0.042, a level we haven't seen in months.
## 3. Smart Money Flow
On-chain data shows a significant decrease in 💲QI exchange inflows over the last 48 hours. This suggests that whales are moving their tokens to cold storage or locking them for governance rather than selling into this pump.
## ⚠️ My Strategy
I am personally holding my position but trailing my stop-loss to $0.021 to lock in gains. I’ll be looking to add more if we see a healthy retest of the breakout point.
What’s your move?
Are you FOMO-ing into 💲QI at these levels, or are you waiting for a pullback to the 20-day EMA? Let’s discuss in the comments! 👇
#BENQI #Avalanche #Crytpoanalysis
$QI
Here is a high-conversion draft you can use. Remember to insert the 💲QI chart widget and cashtag before publishing.
## Why 💲QI is Retesting 2024 Highs: Is a Breakout to $0.04 Next? 🚀
The Avalanche ecosystem is heating up, and **💲QI (BENQI)** is leading the charge with a massive +30% move today. While many were looking at majors, 💲QI has quietly reclaimed key liquidity zones. Here is my breakdown of why this move is happening and where I’m looking to take profits.
## 1. The Catalyst: Liquid Staking & Subnet Growth
BENQI remains the dominant liquidity protocol on Avalanche. With the recent surge in 💲AVAX TVL, users are flocking back to $sAVAX (liquid staking). Increased protocol revenue directly benefits the 💲QI ecosystem, and we are seeing that reflected in the price action today.
## 2. Technical Analysis: The "Cup and Handle" Play
On the 4H chart, 💲QI has successfully broken out of a massive consolidation zone.
* Support: We’ve established a strong floor at $0.018.
* Immediate Resistance: We are currently battling the $0.024 level.
* The Target: If we flip $0.025 into support, the volume profile suggests a clear run toward $0.038 - $0.042, a level we haven't seen in months.
## 3. Smart Money Flow
On-chain data shows a significant decrease in 💲QI exchange inflows over the last 48 hours. This suggests that whales are moving their tokens to cold storage or locking them for governance rather than selling into this pump.
## ⚠️ My Strategy
I am personally holding my position but trailing my stop-loss to $0.021 to lock in gains. I’ll be looking to add more if we see a healthy retest of the breakout point.
What’s your move?
Are you FOMO-ing into 💲QI at these levels, or are you waiting for a pullback to the 20-day EMA? Let’s discuss in the comments! 👇
#BENQI #Avalanche #Crytpoanalysis
$QI
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