$KAS Short Entry - 0.076 TP - 0.07 Stop Loss - 0.0795
Additional Analysis The KASUSDT chart on a daily timeframe indicates a bearish sentiment, as evidenced by the consistent lower highs and lower lows, forming a descending triangle pattern. The recent breakdown below the key support level at 0.08000 reinforces this bearish outlook. The head and shoulders pattern further suggests a continuation of the downward trend. Volume is increasing on down days, indicating strong selling pressure. Technical indicators also support the bearish sentiment. The RSI is below 30, suggesting the asset is oversold, but it could remain oversold in a strong downtrend. The MACD has formed a bearish crossover, indicating momentum is in favor of the bears. Moving averages show the price is trading below both the 50-day and 200-day lines, confirming the bearish trend. Given the technical setup, a sell recommendation is advised with a target price more distant than the stop loss to maintain a favorable risk-reward ratio.
$BTC Short Entry - 80500 TP - 78000 Stop Loss - 81000
Additional Analysis The BTCUSDT chart on the 1-day timeframe shows a bearish sentiment, as indicated by the sharp decline in price. The formation of a 'Head and Shoulders' pattern suggests a potential reversal from previous bullish trends. The RSI is below 30, indicating that the asset is currently oversold, which may lead to a continuation of the downward trend. The MACD has formed a bearish crossover, further supporting the selling pressure. Additionally, the price is currently trading below both the 50-day and 200-day moving averages, affirming the bearish outlook. The presence of multiple resistance levels above the current price suggests limited upside potential. The combination of these technical indicators and chart patterns supports a sell recommendation, with a target price set at 78000 and a stop loss at 81000 to manage risk effectively.
$BTC Short Entry - 86300 TP - 82000 Stop Loss - 88000
The BTCUSDT chart on the 1D timeframe displays a bearish sentiment, primarily driven by the Head and Shoulders pattern indicating potential further declines. The RSI is below 30, suggesting the asset is in oversold territory, but this might indicate a continuation of the current bearish trend rather than an immediate reversal. Additionally, the MACD has shown a bearish crossover, reinforcing the bearish sentiment. The price is currently below both the 50-day and 200-day moving averages, which further supports the bearish outlook. The presence of a descending triangle pattern suggests downward pressure, with potential support levels at 84000.00 and 82000.00. Resistance levels at 88000.00 and 90000.00 may prevent upward movement, creating a bearish trading environment. Therefore, a sell recommendation is given with a target price of 82000.00 and a stop loss at 88000.00 to manage risk.
I'm writing to request a beginner-friendly video tutorial on using Fibonacci tools in trading. Many newcomers, myself included, find it challenging to understand and apply these tools effectively. A comprehensive video covering the following points would be immensely helpful:
Drawing Fibonacci Tools: A clear demonstration of how to correctly draw Fibonacci retracement, extension, and other relevant tools on different chart types. Entry/Exit Levels: Guidance on identifying entry and exit points based on Fibonacci levels. Please explain which levels are considered strong support or resistance and how to use them for trade decisions. Profit Taking: Strategies for determining profit targets using Fibonacci projections. Real-world examples would be invaluable. Stop-Loss/Invalidation: Clear instructions on placing stop-loss orders and identifying invalidation points for a Fibonacci-based trade, essential for risk management.
Additionally, I would appreciate a structured resource (video or article) outlining a learning roadmap for trading. A step-by-step guide focusing on essential skills and knowledge to become a successful trader would be invaluable. This roadmap could cover:
Fundamental Analysis: Recommended strategies for understanding economic indicators, financial statements, and market news. Technical Analysis: A learning path for mastering chart patterns, indicators, and other technical tools. Risk Management: Practical techniques for managing risk. Trading Psychology: Tips on building mental discipline and emotional control. Practice & Backtesting: The importance of practicing on demo accounts and backtesting strategies.
These resources would greatly benefit aspiring traders and help us avoid information overload. Thank you for considering my request. I believe these tools would be invaluable for beginners in the trading community.
I'm writing to request a beginner-friendly video tutorial on using Fibonacci tools in trading. Many newcomers, myself included, find it challenging to understand and apply these tools effectively. A comprehensive video covering the following points would be immensely helpful:
Drawing Fibonacci Tools: A clear demonstration of how to correctly draw Fibonacci retracement, extension, and other relevant tools on different chart types. Entry/Exit Levels: Guidance on identifying entry and exit points based on Fibonacci levels. Please explain which levels are considered strong support or resistance and how to use them for trade decisions. Profit Taking: Strategies for determining profit targets using Fibonacci projections. Real-world examples would be invaluable. Stop-Loss/Invalidation: Clear instructions on placing stop-loss orders and identifying invalidation points for a Fibonacci-based trade, essential for risk management.
Additionally, I would appreciate a structured resource (video or article) outlining a learning roadmap for trading. A step-by-step guide focusing on essential skills and knowledge to become a successful trader would be invaluable. This roadmap could cover:
Fundamental Analysis: Recommended strategies for understanding economic indicators, financial statements, and market news. Technical Analysis: A learning path for mastering chart patterns, indicators, and other technical tools. Risk Management: Practical techniques for managing risk. Trading Psychology: Tips on building mental discipline and emotional control. Practice & Backtesting: The importance of practicing on demo accounts and backtesting strategies.
These resources would greatly benefit aspiring traders and help us avoid information overload. Thank you for considering my request. I believe these tools would be invaluable for beginners in the trading community.
Requesting a beginner-friendly video on Fibonacci tools in trading, covering how to draw retracements/extensions, entry/exit points, profit targets, and stop-losses. A learning roadmap on fundamental/technical analysis, risk management, trading psychology would also be invaluable
CRYPTO MECHANIC
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