Zero owner
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Zero owner
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My $ETH short trade crossed $1000 profit in just 12 hours ๐
Another live four-digit profit trade ๐ฅ
I still believe that structure is weak and $ETH will go down towards $1880 or maybe a flush towards $1840.
Thatโs why I am not closing this trade now and I will wait till it dumps to $1880 and give me more than $3k in profit.
But I also tailored my SL to profit. So itโs a safe trade now.
Kudos to everyone who followed my call and made some good profit.
Another live four-digit profit trade ๐ฅ
I still believe that structure is weak and $ETH will go down towards $1880 or maybe a flush towards $1840.
Thatโs why I am not closing this trade now and I will wait till it dumps to $1880 and give me more than $3k in profit.
But I also tailored my SL to profit. So itโs a safe trade now.
Kudos to everyone who followed my call and made some good profit.
I just opened an $80,000 short position on $ETH. ๐
Ethereum has pushed back into the $1,945-$1,950 resistance zone, an area that has rejected buyers multiple times before.
The move looks strong, but Iโm starting to see momentum slow down exactly where sellers usually step in. Thatโs why Iโm taking this short.
Entry: $1940-$1950
TP: $1,850
SL: $1,980
If $ETH breaks above my stop loss, Iโll close the trade and reassess. But as long as it stays below this resistance, I believe another move toward $1,850 is still on the table.
Letโs see if this becomes another perfect entry.
Ethereum has pushed back into the $1,945-$1,950 resistance zone, an area that has rejected buyers multiple times before.
The move looks strong, but Iโm starting to see momentum slow down exactly where sellers usually step in. Thatโs why Iโm taking this short.
Entry: $1940-$1950
TP: $1,850
SL: $1,980
If $ETH breaks above my stop loss, Iโll close the trade and reassess. But as long as it stays below this resistance, I believe another move toward $1,850 is still on the table.
Letโs see if this becomes another perfect entry.
I closed my $ZEC short trade with a tiny profit of $1,115 ๐ฅณ๐
Another 4 figure profit.
Thought itโs small but I am happy with it for now. A win is a win ๐ช
A few days ago, I said $ZEC still looked bearish and that I expected more downside towards $450 area.
The only reason I closed this trade is because I think $ZEC can bounce toward the $540-$550 area before continuing lower.
If that happens, Iโd much rather open a fresh short from $550 again to make some big profit.
Another 4 figure profit.
Thought itโs small but I am happy with it for now. A win is a win ๐ช
A few days ago, I said $ZEC still looked bearish and that I expected more downside towards $450 area.
The only reason I closed this trade is because I think $ZEC can bounce toward the $540-$550 area before continuing lower.
If that happens, Iโd much rather open a fresh short from $550 again to make some big profit.
Zero owner
ยท
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Bearish๐จ Iโm opening a $40,000 short position on $ZEC.
$ZEC has already made a strong move, but Iโm starting to see momentum slow down. Price is once again testing a major resistance area where sellers have stepped in before, while every push higher is getting weaker.
I think the risk/reward now favors the short side. As long as $500-$510 continues acting as resistance, I believe a deeper pullback is more likely than another breakout.
My setup:
๐ Entry: $500-$510
๐ฏ TP1: $470
๐ฏ TP2: $450
๐ฏ TP3: $430
This is a high-risk trade, so donโt blindly follow it. If $ZEC breaks above resistance with strong volume, Iโll change my view. Until then, Iโm staying bearish.
$ZEC has already made a strong move, but Iโm starting to see momentum slow down. Price is once again testing a major resistance area where sellers have stepped in before, while every push higher is getting weaker.
I think the risk/reward now favors the short side. As long as $500-$510 continues acting as resistance, I believe a deeper pullback is more likely than another breakout.
My setup:
๐ Entry: $500-$510
๐ฏ TP1: $470
๐ฏ TP2: $450
๐ฏ TP3: $430
This is a high-risk trade, so donโt blindly follow it. If $ZEC breaks above resistance with strong volume, Iโll change my view. Until then, Iโm staying bearish.
๐จ Iโm opening a $40,000 short position on $ZEC.
$ZEC has already made a strong move, but Iโm starting to see momentum slow down. Price is once again testing a major resistance area where sellers have stepped in before, while every push higher is getting weaker.
I think the risk/reward now favors the short side. As long as $500-$510 continues acting as resistance, I believe a deeper pullback is more likely than another breakout.
My setup:
๐ Entry: $500-$510
๐ฏ TP1: $470
๐ฏ TP2: $450
๐ฏ TP3: $430
This is a high-risk trade, so donโt blindly follow it. If $ZEC breaks above resistance with strong volume, Iโll change my view. Until then, Iโm staying bearish.
$ZEC has already made a strong move, but Iโm starting to see momentum slow down. Price is once again testing a major resistance area where sellers have stepped in before, while every push higher is getting weaker.
I think the risk/reward now favors the short side. As long as $500-$510 continues acting as resistance, I believe a deeper pullback is more likely than another breakout.
My setup:
๐ Entry: $500-$510
๐ฏ TP1: $470
๐ฏ TP2: $450
๐ฏ TP3: $430
This is a high-risk trade, so donโt blindly follow it. If $ZEC breaks above resistance with strong volume, Iโll change my view. Until then, Iโm staying bearish.
My $SYN short trade crossed $4000+ profit in just 3 hours ๐ฅณ๐ฅณ
I told you all my win rate is 99.99% ๐ฅ
Congrats to everyone who followed my Call.
I am still not closing this trade as I already said that if $SYN dropped to $0.38 then $0.32 is much likely and this is what happening exactly. But I already tailored my SL to Profit.
Thatโs why i pinned my post that I am back to trading ๐ฅ
I told you all my win rate is 99.99% ๐ฅ
Congrats to everyone who followed my Call.
I am still not closing this trade as I already said that if $SYN dropped to $0.38 then $0.32 is much likely and this is what happening exactly. But I already tailored my SL to Profit.
Thatโs why i pinned my post that I am back to trading ๐ฅ
Zero owner
ยท
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๐จ I just opened a $40,000 short position on $SYN.
$SYN has already doubled from around $0.20 to $0.43 in a very short time. The price is still pushing higher, but the momentum is no longer as strong as we saw before. Now every new high is attracting fewer buyers, while I noticed that profit-taking is increase.
The first area Iโm watching is $0.38-$0.40. If that breaks, I think we can quickly move toward $0.35, and possibly $0.30.
This is a high-risk trade, so donโt short it just because I did. Wait for confirmation, manage your risk, and never force a trade.
$SYN has already doubled from around $0.20 to $0.43 in a very short time. The price is still pushing higher, but the momentum is no longer as strong as we saw before. Now every new high is attracting fewer buyers, while I noticed that profit-taking is increase.
The first area Iโm watching is $0.38-$0.40. If that breaks, I think we can quickly move toward $0.35, and possibly $0.30.
This is a high-risk trade, so donโt short it just because I did. Wait for confirmation, manage your risk, and never force a trade.
๐จ I just opened a $40,000 short position on $SYN.
$SYN has already doubled from around $0.20 to $0.43 in a very short time. The price is still pushing higher, but the momentum is no longer as strong as we saw before. Now every new high is attracting fewer buyers, while I noticed that profit-taking is increase.
The first area Iโm watching is $0.38-$0.40. If that breaks, I think we can quickly move toward $0.35, and possibly $0.30.
This is a high-risk trade, so donโt short it just because I did. Wait for confirmation, manage your risk, and never force a trade.
$SYN has already doubled from around $0.20 to $0.43 in a very short time. The price is still pushing higher, but the momentum is no longer as strong as we saw before. Now every new high is attracting fewer buyers, while I noticed that profit-taking is increase.
The first area Iโm watching is $0.38-$0.40. If that breaks, I think we can quickly move toward $0.35, and possibly $0.30.
This is a high-risk trade, so donโt short it just because I did. Wait for confirmation, manage your risk, and never force a trade.
I just closed my $TAC short trade with over $25,000 profit ๐๐ฅณ๐ฅณ
This same trade was down more than $15,000 at one point. A lot of people thought I would close it. I didnโt, because I knew from the start that the pump is whale-driven and it will dump very hard.
$TAC still looks weak to me. The trend is still bearish, and I think thereโs a good chance we see another move toward $0.03. Even $0.02 is possible if sellers stay in control.
I could wait for more profit, but Iโm happy with the profit I booked. There will always be another trade. Protecting profits is just as important as making them.
This same trade was down more than $15,000 at one point. A lot of people thought I would close it. I didnโt, because I knew from the start that the pump is whale-driven and it will dump very hard.
$TAC still looks weak to me. The trend is still bearish, and I think thereโs a good chance we see another move toward $0.03. Even $0.02 is possible if sellers stay in control.
I could wait for more profit, but Iโm happy with the profit I booked. There will always be another trade. Protecting profits is just as important as making them.
Zero owner
ยท
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My $TAC short trade is now giving me over $20K in profit ๐ฅณ๐ฅณ๐
Yesterday, this $TAC short was showing more than $15,000 loss.
A lot of people asked me to close it.
I didnโt.
I kept saying the same thing: This coin will crash sooner or later.
Today, the same trade is showing more than $20,000 profit. ๐ฅ
Iโm still not closing it.
Iโve already moved my stop loss into profit, and I will not close the $TAC short position until it dumps to $0.022 and gives me $40k+ profit.
Always remember that the market rewards patience far more often than panic.
Yesterday, this $TAC short was showing more than $15,000 loss.
A lot of people asked me to close it.
I didnโt.
I kept saying the same thing: This coin will crash sooner or later.
Today, the same trade is showing more than $20,000 profit. ๐ฅ
Iโm still not closing it.
Iโve already moved my stop loss into profit, and I will not close the $TAC short position until it dumps to $0.022 and gives me $40k+ profit.
Always remember that the market rewards patience far more often than panic.
My $TAC short trade is now giving me over $20K in profit ๐ฅณ๐ฅณ๐
Yesterday, this $TAC short was showing more than $15,000 loss.
A lot of people asked me to close it.
I didnโt.
I kept saying the same thing: This coin will crash sooner or later.
Today, the same trade is showing more than $20,000 profit. ๐ฅ
Iโm still not closing it.
Iโve already moved my stop loss into profit, and I will not close the $TAC short position until it dumps to $0.022 and gives me $40k+ profit.
Always remember that the market rewards patience far more often than panic.
Yesterday, this $TAC short was showing more than $15,000 loss.
A lot of people asked me to close it.
I didnโt.
I kept saying the same thing: This coin will crash sooner or later.
Today, the same trade is showing more than $20,000 profit. ๐ฅ
Iโm still not closing it.
Iโve already moved my stop loss into profit, and I will not close the $TAC short position until it dumps to $0.022 and gives me $40k+ profit.
Always remember that the market rewards patience far more often than panic.
Zero owner
ยท
--
๐จ I just opened a massive short position in $TAC.
This is a very risky trade, so donโt blindly follow it unless you know how to manage risk.
$TAC is up more than 140% today and has delivered one of the strongest moves in the market. The problem is that price is now trading directly into a major resistance area around $0.054-$0.058 while momentum is becoming extremely stretched. After a vertical move like this, even a small wave of profit-taking can trigger a sharp correction.
The level Iโm watching is $0.049-$0.050. If buyers lose that zone, I think the move toward $0.045 and then $0.042 can happen very quickly. A deeper correction toward $0.038 is also possible if panic selling starts.
๐ฏ Targets:
โ $0.045
โ $0.042
โ $0.038
For now, this is a pure risk/reward trade. $TAC can still squeeze higher before reversing, so position sizing and risk management matter more than the setup itself.
This is a very risky trade, so donโt blindly follow it unless you know how to manage risk.
$TAC is up more than 140% today and has delivered one of the strongest moves in the market. The problem is that price is now trading directly into a major resistance area around $0.054-$0.058 while momentum is becoming extremely stretched. After a vertical move like this, even a small wave of profit-taking can trigger a sharp correction.
The level Iโm watching is $0.049-$0.050. If buyers lose that zone, I think the move toward $0.045 and then $0.042 can happen very quickly. A deeper correction toward $0.038 is also possible if panic selling starts.
๐ฏ Targets:
โ $0.045
โ $0.042
โ $0.038
For now, this is a pure risk/reward trade. $TAC can still squeeze higher before reversing, so position sizing and risk management matter more than the setup itself.
#newt $NEWT
Excited to explore the Newton Mainnet Beta! The Newton Protocol is paving the way for a more decentralized and efficient future in Web3. Can't wait to see how $NEWT transforms ecosystem utility and empowers creators. Check out @NewtonProtocol for more updates! #Newt
Excited to explore the Newton Mainnet Beta! The Newton Protocol is paving the way for a more decentralized and efficient future in Web3. Can't wait to see how $NEWT transforms ecosystem utility and empowers creators. Check out @NewtonProtocol for more updates! #Newt
๐จ I just opened a massive short position in $TAC .
This is a very risky trade, so donโt blindly follow it unless you know how to manage risk.
$TAC is up more than 140% today and has delivered one of the strongest moves in the market. The problem is that price is now trading directly into a major resistance area around $0.054-$0.058 while momentum is becoming extremely stretched. After a vertical move like this, even a small wave of profit-taking can trigger a sharp correction.
The level Iโm watching is $0.049-$0.050. If buyers lose that zone, I think the move toward $0.045 and then $0.042 can happen very quickly. A deeper correction toward $0.038 is also possible if panic selling starts.
๐ฏ Targets:
โ $0.045
โ $0.042
โ $0.038
For now, this is a pure risk/reward trade. $TAC can still squeeze higher before reversing, so position sizing and risk management matter more than the setup itself.
This is a very risky trade, so donโt blindly follow it unless you know how to manage risk.
$TAC is up more than 140% today and has delivered one of the strongest moves in the market. The problem is that price is now trading directly into a major resistance area around $0.054-$0.058 while momentum is becoming extremely stretched. After a vertical move like this, even a small wave of profit-taking can trigger a sharp correction.
The level Iโm watching is $0.049-$0.050. If buyers lose that zone, I think the move toward $0.045 and then $0.042 can happen very quickly. A deeper correction toward $0.038 is also possible if panic selling starts.
๐ฏ Targets:
โ $0.045
โ $0.042
โ $0.038
For now, this is a pure risk/reward trade. $TAC can still squeeze higher before reversing, so position sizing and risk management matter more than the setup itself.
$VELVET absolutely got nuked after my short call ๐
My trade is now over $9000 profit in just 1 hour.
Thatโs what you called perfect entry ๐ฅ
I tailored my SL to profit and will not close this trade until $VELVET dumps to $0.8 and I make $25k+ ๐ค
My trade is now over $9000 profit in just 1 hour.
Thatโs what you called perfect entry ๐ฅ
I tailored my SL to profit and will not close this trade until $VELVET dumps to $0.8 and I make $25k+ ๐ค
Zero owner
ยท
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Bearish๐จ I just opened a $60,000 short position in $VELVET.
A few days ago, I said I wouldnโt touch $VELVET on either side because the volatility was insane. After a 100%+ move in a single day and a rally from $0.60 to nearly $1.50, the risk/reward finally looks attractive for a short.
The daily chart is now pushing into a major resistance zone that previously triggered aggressive selling. RSI is extremely overheated, the move has become almost vertical, and the first signs of exhaustion are appearing. These types of candles can keep running longer than expected, but they rarely hold forever.
๐ฏ Targets:
โ $1.10
โ $0.90
โ $0.60
This is a high-risk trade. $VELVET can still squeeze higher before reversing, so donโt blindly copy this setup. Only take it if you understand the risk and know how to manage volatility.
A few days ago, I said I wouldnโt touch $VELVET on either side because the volatility was insane. After a 100%+ move in a single day and a rally from $0.60 to nearly $1.50, the risk/reward finally looks attractive for a short.
The daily chart is now pushing into a major resistance zone that previously triggered aggressive selling. RSI is extremely overheated, the move has become almost vertical, and the first signs of exhaustion are appearing. These types of candles can keep running longer than expected, but they rarely hold forever.
๐ฏ Targets:
โ $1.10
โ $0.90
โ $0.60
This is a high-risk trade. $VELVET can still squeeze higher before reversing, so donโt blindly copy this setup. Only take it if you understand the risk and know how to manage volatility.
๐จ I just opened a $60,000 short position in $VELVET .
A few days ago, I said I wouldnโt touch $VELVET on either side because the volatility was insane. After a 100%+ move in a single day and a rally from $0.60 to nearly $1.50, the risk/reward finally looks attractive for a short.
The daily chart is now pushing into a major resistance zone that previously triggered aggressive selling. RSI is extremely overheated, the move has become almost vertical, and the first signs of exhaustion are appearing. These types of candles can keep running longer than expected, but they rarely hold forever.
๐ฏ Targets:
โ $1.10
โ $0.90
โ $0.60
This is a high-risk trade. $VELVET can still squeeze higher before reversing, so donโt blindly copy this setup. Only take it if you understand the risk and know how to manage volatility.
A few days ago, I said I wouldnโt touch $VELVET on either side because the volatility was insane. After a 100%+ move in a single day and a rally from $0.60 to nearly $1.50, the risk/reward finally looks attractive for a short.
The daily chart is now pushing into a major resistance zone that previously triggered aggressive selling. RSI is extremely overheated, the move has become almost vertical, and the first signs of exhaustion are appearing. These types of candles can keep running longer than expected, but they rarely hold forever.
๐ฏ Targets:
โ $1.10
โ $0.90
โ $0.60
This is a high-risk trade. $VELVET can still squeeze higher before reversing, so donโt blindly copy this setup. Only take it if you understand the risk and know how to manage volatility.
Thatโs why I didnโt close my $BEAT trade yesterdayโฆ
My $BEAT short trade is now giving me $6,000+ in profit ๐๐ฅ
I already locked my stop loss in profit, so there is no reason for me to rush the exit.
I am not closing this trade until beat dumps to $1.25 and will gimme $25k in profit.
One thing Iโve learned after years of trading is that making money is not just about finding good entries. Most traders know how to enter. Very few know how to sit in a winning trade long enough to let it pay them properly.
Did you close or your $BEAT trade is still going on ?
My $BEAT short trade is now giving me $6,000+ in profit ๐๐ฅ
I already locked my stop loss in profit, so there is no reason for me to rush the exit.
I am not closing this trade until beat dumps to $1.25 and will gimme $25k in profit.
One thing Iโve learned after years of trading is that making money is not just about finding good entries. Most traders know how to enter. Very few know how to sit in a winning trade long enough to let it pay them properly.
Did you close or your $BEAT trade is still going on ?
Zero owner
ยท
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๐จ I just opened a $50,000 short position on $BEAT ๐
A few days ago I opened a long on $BEAT and closed it with over $16,000 profit. The bounce played out exactly as expected.
Now I think the risk is on the other side.
$BEAT is trading around $2.4 after a massive run, but the interesting thing is that momentum is starting to slow down. The recent push higher failed to bring the same volume that we saw during the strongest part of the rally. At the same time, price is sitting right below the $2.47-$2.50 resistance area where sellers have already started showing up.
Another thing I donโt like is the risk/reward here. Even if beat pushes toward $3, the downside potential looks much bigger, especially with the 21 million token unlock coming next month. Coins that pump this hard usually donโt move in a straight line forever.
For me, the levels to watch are $2.25, then $2.00 and possibly $1.80 if selling pressure starts increasing.
A few days ago I opened a long on $BEAT and closed it with over $16,000 profit. The bounce played out exactly as expected.
Now I think the risk is on the other side.
$BEAT is trading around $2.4 after a massive run, but the interesting thing is that momentum is starting to slow down. The recent push higher failed to bring the same volume that we saw during the strongest part of the rally. At the same time, price is sitting right below the $2.47-$2.50 resistance area where sellers have already started showing up.
Another thing I donโt like is the risk/reward here. Even if beat pushes toward $3, the downside potential looks much bigger, especially with the 21 million token unlock coming next month. Coins that pump this hard usually donโt move in a straight line forever.
For me, the levels to watch are $2.25, then $2.00 and possibly $1.80 if selling pressure starts increasing.
๐จ I just opened $40k short position in $UBUSDT
$UB is starting to lose momentum after failing to hold the recent recovery. The $0.082-$0.084 area is acting as resistance, and every bounce is getting weaker. Price is also forming lower highs while volume continues to decline, which is usually not a good sign for buyers.
The level Iโm watching is around $0.077. If $UB loses that area, I think the move toward $0.071 comes very quickly, with $0.066 possible if selling pressure increases. For me, the risk/reward favors the downside here as long as price stays below the recent swing high around $0.088.
DYOR MUST AND MANAGE YOUR RISK
$UB is starting to lose momentum after failing to hold the recent recovery. The $0.082-$0.084 area is acting as resistance, and every bounce is getting weaker. Price is also forming lower highs while volume continues to decline, which is usually not a good sign for buyers.
The level Iโm watching is around $0.077. If $UB loses that area, I think the move toward $0.071 comes very quickly, with $0.066 possible if selling pressure increases. For me, the risk/reward favors the downside here as long as price stays below the recent swing high around $0.088.
DYOR MUST AND MANAGE YOUR RISK
No matter where the market moves, if you follow me you will win ๐ฅ
I just closed my $HYPE long trade in $2144 and $DEXE short trade in $2601 profit ๐
$BEAT short trade is still going on.
You will regret not following me ๐ค
I just closed my $HYPE long trade in $2144 and $DEXE short trade in $2601 profit ๐
$BEAT short trade is still going on.
You will regret not following me ๐ค
Zero owner
ยท
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Bearish๐จ I just opened a $40,000 short position on $DEXE ๐
This is a little risky trade.
The $22.8-$23.3 area is very important here. If buyers were still fully in control, price should have already reclaimed the recent highs. Instead, $DEXE is struggling below resistance while volume is cooling down. That usually happens when a trend starts losing strength.
For me, the key level is around $22. If that support starts breaking, I think $21 comes very fast. After that, $19.5-$18 becomes a realistic target because there isnโt much structure between those levels.
As long as $DEXE stays below the recent highs around $24.9, I think the risk/reward favors the short side.
This is a little risky trade.
The $22.8-$23.3 area is very important here. If buyers were still fully in control, price should have already reclaimed the recent highs. Instead, $DEXE is struggling below resistance while volume is cooling down. That usually happens when a trend starts losing strength.
For me, the key level is around $22. If that support starts breaking, I think $21 comes very fast. After that, $19.5-$18 becomes a realistic target because there isnโt much structure between those levels.
As long as $DEXE stays below the recent highs around $24.9, I think the risk/reward favors the short side.
No matter where the market moves, if you follow me you will win ๐ฅ
I just closed my $HYPE long trade in $2144 and $DEXE short trade in $2601 profit ๐
$BEAT short trade is still going on.
You will regret not following me ๐ค
I just closed my $HYPE long trade in $2144 and $DEXE short trade in $2601 profit ๐
$BEAT short trade is still going on.
You will regret not following me ๐ค
Zero owner
ยท
--
Bullish๐ซI just opened a $50,000 position on $HYPE๐
$HYPE keeps defending the 62-63$ area and that's the main reason I'm bullish here
The chart is still making higher lows,buyers are holding support ,and price is slowly pushing back toward resistance .As long as $61-$62 keeps holding ,I think $67 comes first and then $70 becomes possible .
I'm not calling fo a massive pump.i just think there ia enough room here for a good trade.
I just opened a $50,000 lon position on $HYPE
$HYPE keeps defending the 62-63$ area and that's the main reason I'm bullish here
The chart is still making higher lows,buyers are holding support ,and price is slowly pushing back toward resistance .As long as $61-$62 keeps holding ,I think $67 comes first and then $70 becomes possible .
I'm not calling fo a massive pump.i just think there ia enough room here for a good trade.
#MemeCoreMTokenCrashes80% #OilFuturesFallAbout4% #MicronSharesRise10%AfterHours #HormuzStraitShips20MBarrelsDaily #SKHynixADRListing
$HYPE keeps defending the 62-63$ area and that's the main reason I'm bullish here
The chart is still making higher lows,buyers are holding support ,and price is slowly pushing back toward resistance .As long as $61-$62 keeps holding ,I think $67 comes first and then $70 becomes possible .
I'm not calling fo a massive pump.i just think there ia enough room here for a good trade.
I just opened a $50,000 lon position on $HYPE
$HYPE keeps defending the 62-63$ area and that's the main reason I'm bullish here
The chart is still making higher lows,buyers are holding support ,and price is slowly pushing back toward resistance .As long as $61-$62 keeps holding ,I think $67 comes first and then $70 becomes possible .
I'm not calling fo a massive pump.i just think there ia enough room here for a good trade.
#MemeCoreMTokenCrashes80% #OilFuturesFallAbout4% #MicronSharesRise10%AfterHours #HormuzStraitShips20MBarrelsDaily #SKHynixADRListing
๐จ I just opened a $50,000 short position on $BEAT ๐
A few days ago I opened a long on $BEAT and closed it with over $16,000 profit. The bounce played out exactly as expected.
Now I think the risk is on the other side.
$BEAT is trading around $2.4 after a massive run, but the interesting thing is that momentum is starting to slow down. The recent push higher failed to bring the same volume that we saw during the strongest part of the rally. At the same time, price is sitting right below the $2.47-$2.50 resistance area where sellers have already started showing up.
Another thing I donโt like is the risk/reward here. Even if beat pushes toward $3, the downside potential looks much bigger, especially with the 21 million token unlock coming next month. Coins that pump this hard usually donโt move in a straight line forever.
For me, the levels to watch are $2.25, then $2.00 and possibly $1.80 if selling pressure starts increasing.
A few days ago I opened a long on $BEAT and closed it with over $16,000 profit. The bounce played out exactly as expected.
Now I think the risk is on the other side.
$BEAT is trading around $2.4 after a massive run, but the interesting thing is that momentum is starting to slow down. The recent push higher failed to bring the same volume that we saw during the strongest part of the rally. At the same time, price is sitting right below the $2.47-$2.50 resistance area where sellers have already started showing up.
Another thing I donโt like is the risk/reward here. Even if beat pushes toward $3, the downside potential looks much bigger, especially with the 21 million token unlock coming next month. Coins that pump this hard usually donโt move in a straight line forever.
For me, the levels to watch are $2.25, then $2.00 and possibly $1.80 if selling pressure starts increasing.
Can $VELVET go back to $1? ๐ค
I donโt think velvet is going back to 1$ anytime soon.
Yes, the possibility exists. But right now, I donโt see enough strength on the chart to support that idea.
After crashing from $1.87 to below $0.50, $VELVET is still trading far below the levels that matter. The $0.52-$0.60 area is acting as resistance, and buyers have failed to reclaim it properly.
The biggest mistake traders make is seeing a 10%-20% pump and thinking the trend has changed. For me, the trend remains bearish until $VELVET starts reclaiming higher levels and holding them.
We can have a fake pump as VELVET already proved that it can move violently in both directions.
But a fake pump to $0.60-$0.70 is very different from a real move back to $1.
For now, I wouldnโt buy $VELVET , and I wouldnโt short it either. The risk/reward is not good on either side. The chart is too weak for me to be bullish, but after such a huge crash, itโs also too dangerous to blindly short.
#TaikoSaysL2IncidentNoUserFundLoss #MemeCoreMTokenCrashes80% #OilFuturesFallAbout4% #MicronSharesRise10%AfterHours #HormuzStraitShips20MBarrelsDaily
I donโt think velvet is going back to 1$ anytime soon.
Yes, the possibility exists. But right now, I donโt see enough strength on the chart to support that idea.
After crashing from $1.87 to below $0.50, $VELVET is still trading far below the levels that matter. The $0.52-$0.60 area is acting as resistance, and buyers have failed to reclaim it properly.
The biggest mistake traders make is seeing a 10%-20% pump and thinking the trend has changed. For me, the trend remains bearish until $VELVET starts reclaiming higher levels and holding them.
We can have a fake pump as VELVET already proved that it can move violently in both directions.
But a fake pump to $0.60-$0.70 is very different from a real move back to $1.
For now, I wouldnโt buy $VELVET , and I wouldnโt short it either. The risk/reward is not good on either side. The chart is too weak for me to be bullish, but after such a huge crash, itโs also too dangerous to blindly short.
#TaikoSaysL2IncidentNoUserFundLoss #MemeCoreMTokenCrashes80% #OilFuturesFallAbout4% #MicronSharesRise10%AfterHours #HormuzStraitShips20MBarrelsDaily
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