*$NEAR , $AERO , VELO, $LUMIA - 4H vs 1M Breakdown Today*
Checked 4 coins this morning. Same pump, two different structures.
*1. NEAR / AERO / VELODROME - Pullback Structure*
4H: Price is still above MA7. Main uptrend is intact.
1M: Price broke below MA60. Short-term momentum is down.
Fibonacci: All three are only at 23.6% retracement from the recent high.
- NEAR Top: 5.44, now 5.21
- AERO Top: 0.9581, now 0.9225
- VELO Top: 0.04161, now 0.0400
Opinion: Short-term bias is bearish on 1M, but 4H support is still holding. Aggressive shorts in this zone are risky because the larger trend is still up. The stronger supports are lower near MA25 which aligns with Fibonacci 38.2% to 61.8%.
*2. LUMIA - Continuation Structure*
4H: Price above MA7, second leg up after correction.
1M: Price well above MA60, strong momentum.
Fibonacci: Price is approaching the previous high of 0.13952 again.
Opinion: Short-term bias is bullish, but near a major resistance. A breakout above 0.13952 can continue the move, while a rejection can lead to another pullback.
*Key Takeaway*
Market has two phases:
- Pullback in an uptrend (NEAR/AERO/VELO)
- Continuation towards resistance (LUMIA)
Waiting for London Session 1PM-9PM PKT for confirmation is often more effective than trading slow Asia moves. MA7 on 4H for support and 24H High for resistance are useful levels to watch.
Not financial advice. For educational purposes only.
What is your view on these four?
#NEAR #AERO #VELODROME #LUMIA #Crypto #Binance #TradingView #TechnicalAnalysis #Fibonacci #Altcoins
Checked 4 coins this morning. Same pump, two different structures.
*1. NEAR / AERO / VELODROME - Pullback Structure*
4H: Price is still above MA7. Main uptrend is intact.
1M: Price broke below MA60. Short-term momentum is down.
Fibonacci: All three are only at 23.6% retracement from the recent high.
- NEAR Top: 5.44, now 5.21
- AERO Top: 0.9581, now 0.9225
- VELO Top: 0.04161, now 0.0400
Opinion: Short-term bias is bearish on 1M, but 4H support is still holding. Aggressive shorts in this zone are risky because the larger trend is still up. The stronger supports are lower near MA25 which aligns with Fibonacci 38.2% to 61.8%.
*2. LUMIA - Continuation Structure*
4H: Price above MA7, second leg up after correction.
1M: Price well above MA60, strong momentum.
Fibonacci: Price is approaching the previous high of 0.13952 again.
Opinion: Short-term bias is bullish, but near a major resistance. A breakout above 0.13952 can continue the move, while a rejection can lead to another pullback.
*Key Takeaway*
Market has two phases:
- Pullback in an uptrend (NEAR/AERO/VELO)
- Continuation towards resistance (LUMIA)
Waiting for London Session 1PM-9PM PKT for confirmation is often more effective than trading slow Asia moves. MA7 on 4H for support and 24H High for resistance are useful levels to watch.
Not financial advice. For educational purposes only.
What is your view on these four?
#NEAR #AERO #VELODROME #LUMIA #Crypto #Binance #TradingView #TechnicalAnalysis #Fibonacci #Altcoins