BINANCE:PERP/USDT - Support Holding Strong---------------------------------------------------------------
Description
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+ PERP is consolidating the in the range for a very long time as shown in the image
+ We are waiting for the price to breakout from that range to enter a long trade
+ once price breaks upwards, its good opportunity for the trade.
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VectorAlgo Trade Details
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Entry Price: 1.12478
Stop Loss: 1.02685
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Targets 1: 1.9660
Targets 2: 1.270
Targets 3: 1.3944
Targets 4:1.4973
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
Long-trade
AUDJPY M15 / Short Trade Opportunity✅Hello Traders!
I see a confirmation of the market structure changes on M15 AUDJY. I Will execute a short trade as I expect a bearish move until the BOSS.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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SUSHIUSDTBullish Bias and Potential 70% Price SurgeSUSHIUSDT recently marked a decisive break above a descending channel, signaling a significant shift in price dynamics. Preceding this breakout, the price consistently respected both a minor and a major demand zone, indicating robust bullish pressure within the market. Further reinforcing this bullish bias is the clear bounce observed from a simple uptrend trendline, coupled with a distinct formation of higher highs (HHs) and higher lows (HLs) pattern.
Considering these bullish confirmations, there's a higher probability of the uptrend's continuity, potentially leading the price towards a massive supply zone formed back in 2022. Upon reaching this supply zone, it could signify a noteworthy 70% price increase for SUSHI.
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase.
This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
Continuation of the trend for IBMIBM is setting up for a continuation of the overall annual trend of the 3 month chart where it looks like IBM will hit close to $200 in the months and years ahead
We have Bullish Divergence, market exhaustion on the annual time frame along with over sold indicators indicating bulls returning to the market.
EURJPY Short or Long?On this pair, I have identified a supply zone and a demand zone. The objective will be to find an entry point within the supply zone to open a short trade. If the price, instead, were to break the supply zone, I will look for a bullish setup.
Let me know what you think in the comments.
Have a nice trading!
GBPCADI highlighted a demand zone H4 that generated 3 relatively prominent bullish impulses with circles. Afterwards, I waited for the market to generate an H1 BOS which allowed me to identify a Point of Interest (POI). Then, I identified two targets for my trade, which I opened after the price retraced to my H1 supply.
Let me know your thoughts in the comments.
Happy trading, goodbye.
$LUNA2 | LONG | TRADE$LUNA2 | LONG | TRADE
Entry Conditions:
| Untested Weekly Pivot
| Broken 200 EMA 1hr
| Strong Support Formed
| RSI Bullish Divergence
| RSI Resistance Break