chesster74(@Square-Creator-dc47086d048d)'s insights

Post

--Bullish

$SIREN 👀 Preparing to rise 🚀

Yes, if we look at the chart in the 1D Timeframe we can see how the price is at an important dynamic resistance (EMA 20)

A big battle between the Bears 🐻 and the bulls 🐂 is happening. Buyers maintain control in the short term and the bears keep their dominance in the long term.

If, when the candle closes in the 1D Timeframe, it ends above the 20 EMA, I think it would be easier for the buyers to take the price up to the 50 EMA.

I’ll be closing the Trade I’m in at $PHA to stay alert for SIREN.

Do you think it’s ready to go up, or is there still more road ahead? Remember to do DYOR.

chesster74

$SIREN 📚 Trade Analysis

I had the idea, but in this case it doesn't work because the price is already outside the Bearish channel.

The error was in the analysis. When I went back to readjust the drawings, it made me think a bearish move would happen.

😅 In other words, I left some drawings on the chart, then when I came back I thought they were misplaced, so I adjusted them. That adjustment made me think I had an entry.

I’ll take those mistakes into account to keep improving in Trading, and when I do technical analysis.

So when I realized it was outside the channel, I decided to close the trade.

Lesson: Keep your analysis together with the drawings you make. Yes, you had marked a Bearish Channel, and when you return to the chart the price is outside it—so that wasn’t an error.

With so many analyses of different coins, here I did an unnecessary analysis 😅 I only had to wait and keep the drawings I’d already marked.

🤷‍♂️ So is it going to go up or down?

It’s in indecision, that’s why the 4H candle looks like a Doji. You have to wait for confirmation of who will win the order—supply or demand. Remember to do DYOR

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

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