thetradershouse
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SKR has been in a perpetual downtrend since the very first day of its listing.
A local stop occurred at the 0.021556 level. The price hovered above it for 2 days, and today, on the third day, the level has been broken. There is no impulsive move following the breakdown yet, indicating a lack of panic. However, a new, very local ("raw") level has formed immediately below at 0.020333.
Important: It is mandatory to wait for the 4H candle close before making any decisions. The setup looks "raw" until confirmed by the close.
Key Observations:
1. Record Consolidation. Usually, consolidations on this asset are short-lived. The current one has lasted for four days, which is a record for this coin.
2. Buyer Weakness. While we don't see a downward impulse yet, we also see zero strength from buyers to reclaim the level, despite an attempt.
3. Bearish Signals. A solid pre-breakout base is forming: a gradual, calm approach to the level combined with low volatility. All point to a Short.
#SKR #SKRUSDT #TechnicalAnalysis #tradingStrategy #TheTradersHouse
A local stop occurred at the 0.021556 level. The price hovered above it for 2 days, and today, on the third day, the level has been broken. There is no impulsive move following the breakdown yet, indicating a lack of panic. However, a new, very local ("raw") level has formed immediately below at 0.020333.
Important: It is mandatory to wait for the 4H candle close before making any decisions. The setup looks "raw" until confirmed by the close.
Key Observations:
1. Record Consolidation. Usually, consolidations on this asset are short-lived. The current one has lasted for four days, which is a record for this coin.
2. Buyer Weakness. While we don't see a downward impulse yet, we also see zero strength from buyers to reclaim the level, despite an attempt.
3. Bearish Signals. A solid pre-breakout base is forming: a gradual, calm approach to the level combined with low volatility. All point to a Short.
#SKR #SKRUSDT #TechnicalAnalysis #tradingStrategy #TheTradersHouse
ENSOUSDT: short setup from daily support at 1.2632
The initial decline halted at the 1.2632 level. The following day, we witnessed a False Breakout relative to this price, which confirms the level's validity (as a False Breakout can only occur relative to a significant level). Essentially, a False Breakout represents the asset's inability to sustain a price below or above a certain point.
What do we see next? weakness. The asset failed to take out yesterday's High. Since we cannot go up, we are now seeing a gradual approach — a slow bleed — back toward our established support at 1.2632.
This gradual approach is clearly visible on the 4H timeframe and signals a strong bearish intent. This is not a panic dump; it is a methodical move where every limit buy order standing in the way is being slowly and confidently absorbed. Such clarity and precision in price action suggest that strong capital is driving this move.
Therefore, the breakdown of this level is simply a matter of time. Disclaimer: This is the crypto market. Anything can happen at any moment, and even the most professional analysis can be invalidated instantly. Always remember this.
#ENSOUSDT #TechnicalAnalysis #tradingStrategy #bearish #TheTradersHouse
The initial decline halted at the 1.2632 level. The following day, we witnessed a False Breakout relative to this price, which confirms the level's validity (as a False Breakout can only occur relative to a significant level). Essentially, a False Breakout represents the asset's inability to sustain a price below or above a certain point.
What do we see next? weakness. The asset failed to take out yesterday's High. Since we cannot go up, we are now seeing a gradual approach — a slow bleed — back toward our established support at 1.2632.
This gradual approach is clearly visible on the 4H timeframe and signals a strong bearish intent. This is not a panic dump; it is a methodical move where every limit buy order standing in the way is being slowly and confidently absorbed. Such clarity and precision in price action suggest that strong capital is driving this move.
Therefore, the breakdown of this level is simply a matter of time. Disclaimer: This is the crypto market. Anything can happen at any moment, and even the most professional analysis can be invalidated instantly. Always remember this.
#ENSOUSDT #TechnicalAnalysis #tradingStrategy #bearish #TheTradersHouse
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