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Lowriskhighreward

PEAQ down 87% – Is it Time to Buy the Dip?PEAQ has been in a brutal downtrend, dropping 87% within 92 days and printing 9 straight weekly red candles, with the 10th currently red as it trades below the weekly open. Now, price is attempting to stabilise around the key $0.10 level, hinting at a potential high-probability long trade setup. Key Levels to Watch: Support: $0.10 (Price has been trying to hold this level for two days.) Resistance: $0.11 (A reclaim of this level increases the probability of a move higher.) Major Resistance: $0.1260 – $0.1280 (Weekly open + bearish order block.) Technical Confluences Supporting the Trade: The Fib retracement from $0.1337 to $0.0989 shows that the 0.786 Fib level ($0.1263) aligns with the bearish order block from the previous trading range. The weekly open at $0.128 strengthens the take-profit zone, making it a logical exit point. Price has failed to break below $0.10, signaling a possible accumulation phase. Long Trade Setup Entry: Around $0.10 Stop Loss: Below $0.0989 (Tight SL for minimal risk) Take Profit Target: $0.1260 (Right before key resistance) Risk-to-Reward (R:R): 17:1 🚀 (Risking only 1.5% to potentially gain 25%) Additional Play: If price reclaims $0.11 with strong volume, look for order flow confirmation to add to the position. The move towards $0.12+ could be quick, as there's little resistance in between. This setup offers a strong risk-reward ratio, making it an attractive trade with minimal downside and high upside potential. Watch for bullish momentum above $0.11, as that could confirm a stronger push to the weekly open at $0.128.
Long
by SiDec
5
ICP - a pig of a chart, but signs of secret coiling nonetheless?I'm heavily invested in ICP and most of it is locked up for a minimum of 8 years, so yes, I'm biased... I think this has got to be THE most undervalued project in all of crypto. And so I'm perpetually disappointed with the uninspiring ICP/USD chart. What IS going on with that? Nothing to hold onto, nothing to indicate the price is coiling up, ready to spring out of its pattern and finally surprise crypto-heads the world over. It's easy to draw a teal arrow, and the one drawn in this chart - as anyone can see - is not grounded in T/A. In fact, one could clearly make the case for a disturbing trend of ever less convincing highs (red curve) with chances of a drop down more likely than a pump up. Also, there is a lack of significant historic support, which makes trading ICP uncomfortable. And I'm not saying that a drop is unlikely to occur. ICP has been taken on by crypto heavyweights in the past and may be pounced on again in the future. BUT, there is another way of looking at ICP and of trading it responsibly (if trading is ever responsible). I suggest that for trading purposes, it is much better to use the ICP.D chart (first chart below) or the ICP/BTC chart (second chart below). These are very similar, but my preference goes out to the ICP.D chart which shows the history of ICP market cap dominance. This is a personal preference, related to my favourite way of calculating Fibs. The ICP.D chart has some interesting recent runs and drops that - interestingly - the ICP/BTC chart lacks. These pumps and drops allow fibs and trendlines to be drawn and also show some support by significant moving averages on the daily chart. A triangle is the main feature (on both these charts) and we're right at the bottom, pretty close to some other support features (MAs). This makes me think that ICP IS in fact coiling up with investors in silk slippers accumulating ICP sneakily. But you can make up your own mind of course: I've always has a lively imagination. Now, if I had even more appetite for ICP accumulation (which I don't - I'm already out on a limb) I'd consider buying the day we see some long bullish confirmation candle. With a relatively short stop to be activated in the event of a weekly close below the triangle. That'd be a neat and potentially responsible trade. Note I've also added the weekly ICP.D chart with a crazily optimistic trendlines for peeps that are on my ICP buss... (chart at the bottom)
BINANCE:ICPUSDLong
by Fractaleer
7
LONG TERM - VIRTUOSO looks Good !Classic Cup and Handle Pattern. Virtuoso Optoelectro is involved in the business activities of Manufacture of domestic appliances. Company’s Total Operating Revenue is Rs. 200.17 Cr. and Equity Capital is Rs. 14.98 Cr. for the Year ended 31/03/2022. Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products, and provides end-to-end product solutions. The company's current product portfolio of consumer goods includes (i) Split Air Conditioners; (ii) Water Heaters; (iii) LED Lighting products; and (iv) other miscellaneous products such as injection molding components for air conditioners. Virtuoso Optoelectronics Limited serves under both original equipment manufacturer ("OEM") and original design manufacturer ("ODM") business models. Cons : High Debt As of June 2022, co. has a debt of 72 Crs which is 2.5 times more than its FY22 operating profit.
BSE:VOEPLLong
by CannySunny
MPC - Rising WedgeOn the chart, we can see a rising wedge holding its support, which we expect a breakout of. Overall, the energy sector have been performing extremely well during the last year, as a result from the Ukrainian/Russian war, but has been dumped big time during the first quarter of 2023, and we therefore expect the rest of the stocks from the sector to follow this trend - including MPC. Both RSI and MACD are showing bearish indications. Keep in mind that the shown target is based on technical analysis only, and further downtrend is possible.
NYSE:MPCShort
by vf_investment
2
BTC: Good times ahead?Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future, current price-levels seem to be offering a great opportunity for those looking to accumulate Bitcoins in 2023. Here's a brief: - The price for the first time in months has found some respectable resistance(support in this case), and is gradually moving into a nice accumulation phase. This is where we can expect serious buyers to start creeping in to almost secretly take hefty positions at certain levels, neutralising the selling pressure and curb the trend over a period of time. - Accumulation can obviously go on for an extended period of time, given the strength of the down-trend and the kind of volume required to turn that around. I think we have just entered the same accumulation phase with Bitcoin too, and we can now expect a back and forth tussle between the buyers & the sellers, before one of the parties over-powers the other. - I'm in the favour of a trend reversal here, meaning my outlook is bullish towards Bitcoin, and that is mainly for two reasons: 1. Higher volumes in last six months or so, resulting in more frequent green candles, albeit narrow ranged ones. This indicates good absorption at recent levels, and a stronger intent from the buyers. 2. Given the volatile nature of the crypto market, this one offers a great upside potential with a manageable amount of risk. - Technical indicators aren't really giving any strong signals yet, though weekly RSI has moved up by about 50% in last month or so, we can expect it to cool down a few times before it actually locks in with ADX & Stochastic(I use these three in conjunction, but one should see similar convergence with other indicators too). Final Note: - This is just my personal opinion, please do not consider this as a financial advice. - This is a long-term trade, which can probably take several weeks to unfold. - Go slow & steady, mark your levels, and have fun hunting!
CME:BTC1!Long
by sudoMode
Ftm symmetrical triangleThis is a good trade for you guys. I will tell you guys once it breaks up or down to start your trade. If you guys want to trade this, keep checking this post I'll update whether long or short! LONG: Entry: once ftm CLOSES A 15m CANDLE at price 1.4 Leverage: x10 Take profit: 1.48 stoploss: 1.365 SHORT: Entry: once ftm CLOSES A 15m CANDLE at price 1.36 Leverage: x10 Take profit: 1.28 Stoploss: 1.395 dont trade before a candle closes! GOODLUCK ALL!
F
by blz_legend
35
JAMNA AUTO 1:10 RR SETUPNSE:JAMNAAUTO is consolidating in a rising channel pattern. I had posted about this scrip before a potential breakout, but it took one more rejection at the top and now price made a green candle at the channel support. Entry at this price could be a golden opportunity to go long and aim for 1:2 and if price breaks out, a potential 1:10 trade! Place a tight stop loss of 5% and hold. Since this a very low risk high reward setup, probability of this playing out is very less. There can be situation where price gives and fake breakdown hitting the sl and then move up, giving a breakout. Odds are more favorable after breakout at the expense of a lower risk reward. Position size accordingly. HAPPY TRADING!
NSE:JAMNAAUTOLong
by PriceActionSpotter
1