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Support and Resistance

GOLD → Retest of consolidation resistance. Chances of a breakoutFX:XAUUSD bounces off support at 3312, forming a false breakdown at 3320. The price is heading towards consolidation resistance. The chances of continued growth are increasing... Gold rebounded from its low amid statements by Fed member Waller about a possible rate cut in July. However, strong US sales and labor market data strengthened the dollar and held back XAU/USD growth. Despite statements by some Fed members about maintaining a tight policy, traders continue to expect rate cuts before the end of the year. The focus is on new economic data that could affect the dollar and gold prices. Technically, consolidation is narrowing, which could lead to distribution. Gold is feeling market support, and after retesting resistance at 3365, we need to watch the price reaction to the level. A pullback and quick retest could increase the chances of a breakout and growth to 3400. Resistance levels: 3365, 3375 Support levels: 3332, 3320, 3312 There is a high probability that there will be an attempt to break through the consolidation resistance amid expectations of a rate cut. This phase may be accompanied by either a correction to retest and return for a breakout, or a breakout and consolidation of the price above the level. Today, Friday, I expect a retest and correction, as there may not be enough local potential for a breakout of this level, and the price has already lost some of its momentum since the opening of the session... Best regards, Linda!
FX:XAUUSDLong
by RLinda
7
GOLD - Price may bounce up to $3375 level from support lineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Initially, the price action was confined within a descending channel before a decisive bullish breakout occurred. This first breakout triggered a strong upward impulse, setting the stage for the current market structure. The price is now consolidating in a wide flat range, bounded by support near the $3285 level and resistance at $3375. An ascending support line is providing dynamic support within this consolidation pattern, indicating underlying buying pressure. I expect a brief retest of this support line, which should act as a launchpad for the price to move higher. The primary target for this long setup is the $3375 resistance level, marking the top of the current flat range. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by WalterMoon
19
NAS100 Bigger Picture. Uptrend to be resumedLooking at the current structure through the lens of a trend trading approach, what we saw on NAS100 is more than a simple price bounce, it’s a trend continuation trading within a high-volatility environment. As price is approaching a key resistance level, how price is behaving around this dynamic trendline will be key. This recent retracement and rejection happening near what we can call a demand zone cluster, was confirmed by a beautiful bounce off the support range. And right now price is respecting the upper and lower bounds nicely. What happens next? Price is showing signs of bullish exhaustion, but the higher-timeframe structure supports a continuation. My projected target is towards the upper resistance line, that’s my 23,100 zone as shown.
PEPPERSTONE:NAS100Long
by TrendDiva
31
Gold- Still needs to resolve the range🔸 Still Rangebound, But Not for Long In yesterday’s analysis, I mentioned that two scenarios are in play for Gold: 1. Bullish above 3375 2. Bearish under 3320 Throughout the session, price action leaned toward the bearish side, and I aligned with that by opening a short position. It ended with a minor loss — just 50 pips, which is negligible considering I'm looking for a potential 1,000 pip move in the bigger picture. ________________________________________ 🔍 What's Next? As the title says, Gold still needs to resolve the current range before a clear directional move unfolds. The same key levels discussed yesterday remain valid and relevant. And since it’s Friday, today’s daily and weekly candle close will be critical in shaping expectations for next week. ________________________________________ 📈 Bullish Case: Close Above 3360 • A daily/weekly close around 3360 would bring strong pressure on the 3375 resistance. • That could lead to a bullish breakout from the ascending triangle pattern. • It would also leave behind a bullish weekly pin bar (last week was a bullish pin bar too). • This scenario would bring 3450 into focus — with 3500 and even a new ATH on the table in the coming weeks. ________________________________________ 📉 Bearish Case: Close Near 3300 • A close near 3300 would signal a failed rally attempt • That would expose 3250 support short term, and 3150 medium term. ________________________________________ 🧭 Final Thoughts At the moment, I’m flat and waiting for clearer confirmation later in the day. The next move big will be defined by the weekly close — it’s as simple as that. P.S.: It’s just a hunch , but I’m still leaning toward a break under 3300 as the next major move. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSD
by Mihai_Iacob
10
Double Top + Zigzag Complete: Are Bears About to Take Over Gold?Yesterday, the financial markets in general, including Gold ( OANDA:XAUUSD ) , acted like a roller coaster after the news of Powell's dismissal . After this news was denied , Gold returned to its main trend, which I published in my previous idea . Gold is currently re-attacking the Support line , Support zone($3,326-$3,325) and 50_SMA(Daily) . In terms of classic technical analysis , it seems that gold has formed a Double Top Pattern for support breakdowns, where a Support line breakdown can also be accompanied by a neckline breakdown . From the perspective of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5) , and we should wait for the next bearish waves . I expect Gold to break its supports and move towards $3,290 ; support breaks are best done with high momentum . An important price that can change the direction of Gold's downside is $3,350 . Note: If Gold breaks the Resistance lines and forms an hourly candle above $3,351(Stop Loss (SL)), we can expect further Gold gains. Gold Analyze (XAUUSD), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
32
Volume Gaps and Liquidity Zones: Finding Where Price Wants to GoDifficulty: 🐳🐳🐳🐋🐋 (Intermediate+) This article is best suited for traders familiar with volume profile, liquidity concepts, and price structure. It blends practical trading setups with deeper insights into how price seeks inefficiency and liquidity. 🔵 INTRODUCTION Ever wonder why price suddenly accelerates toward a level — like it's being magnetized? It’s not magic. It’s liquidity . Markets move toward areas where orders are easiest to fill, and they often avoid areas with little interest. In this article, you’ll learn how to identify volume gaps and liquidity zones using volume profiles and price action. These tools help you anticipate where price wants to go next — before it gets there. 🔵 WHAT ARE VOLUME GAPS? A volume gap is a price region with unusually low traded volume . When price enters these areas, it often moves quickly — there’s less resistance. Think of a volume gap as a thin patch of ice on a frozen lake. Once the market steps on it, it slides across rapidly. Volume gaps usually show up on: Volume Profile Fixed Range Volume tools Session or custom volume zones They’re often created during impulsive moves or news events — when price skips levels without building interest. 🔵 WHAT ARE LIQUIDITY ZONES? Liquidity zones are price areas where a large number of orders are likely to be sitting — stop losses, limit entries, or liquidation levels. These zones often form around: Swing highs and lows Order blocks or fair value gaps Consolidation breakouts Psychological round numbers When price approaches these areas, volume often spikes as those orders get filled — causing sharp rejections or breakouts. 🔵 WHY THIS MATTERS TO TRADERS Markets are driven by liquidity. Price doesn’t just move randomly — it hunts liquidity, clears inefficiencies, and fills orders. Your edge: By combining volume gaps (low resistance) with liquidity zones (target areas), you can forecast where price wants to go . Volume gap = acceleration path Liquidity zone = destination / reversal point 🔵 HOW TO TRADE THIS CONCEPT 1️⃣ Identify Volume Gaps Use a visible range volume profile or session volume. Look for tall bars (high interest) and valleys (low interest). 2️⃣ Mark Liquidity Zones Use swing highs/lows, OBs, or EQH/EQL (equal highs/lows). These are magnet areas for price. 3️⃣ Watch for Reactions When price enters a gap, expect speed. When it nears a liquidity zone, watch for: Volume spike Wick rejections S/R flip or OB retest 🔵 EXAMPLE SCENARIO A strong bearish move creates a volume gap between 103 000 – 96 000 Below 96 000 sits bullish order blocks — clear liquidity Price enters the gap and slides fast toward 96 000 A wick forms as buyers step in, volume spikes — the reversal begins That’s price filling inefficiency and tapping liquidity . 🔵 TIPS FOR ADVANCED TRADERS Use higher timeframes (4H/1D) to define major gaps Look for overlapping gaps across sessions (Asia → London → NY) Align your trades with trend: gap-fills against trend are riskier Add OB or VWAP as confirmation near liquidity zones 🔵 CONCLUSION Understanding volume gaps and liquidity zones is like reading the market’s intention map . Instead of reacting, you start predicting. Instead of chasing, you’re waiting for price to come to your zone — with a plan. Price always seeks balance and liquidity . Your job is to spot where those forces are hiding. Have you ever traded a volume gap into liquidity? Share your setup below
Education
by BigBeluga
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: What a week on the markets with our KOG report plan working well, the red boxes moving with price, the Excalibur targets being completed and then most of the bias level targets completing as well. Have a look at Sundays report and compare the move and levels shared, you'll see how well we've managed to track this. Only thing we haven't got (yet) is that curve ball, so let's see how we close today and open on Sunday. For now, support below is at the 3340 level with resistance 3370. We may just see a late session move here so play caution. KOG’s bias for the week: Bullish above 3350 with targets above 3360✅, 3373✅, 3375✅ and 3383 for now Bearish below 3350 with targets below 3340,✅ 3335✅, 3329✅, 3320✅ and 3310✅ for now RED BOX TARGETS: Break above 3365 for 3372✅, 3375✅, 3382, 3390 and 3406 in extension of the move Break below 3350 for 3340✅, 3335✅, 3329✅, 3322✅ and 3310✅ in extension of the move Wishing you all a great weekend and we'll see you on Sunday for the KOG Report. Please do take some time to hit the boost button, it's very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
Bitcoin retest of breakout completed soon 133K$As we can see price broke previous channel and now is in new Ascending channel and pointing targets like 133K$ & 150K$. Major support now is around 116000$ to 117000$ and price hold strong and market can easily continue more pump here like the green arrow. BINANCE:BTCUSDT is now hitting ATH constantly and this just beginning of this bull run because ALT coins are not yet started. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
18
GOLD → The triangle is contracting. Retest of support...FX:XAUUSD tested a local high of 3375 but quickly returned to consolidation. The reason is manipulation by the US administration related to Powell, inflation, and interest rates... Demand for gold has risen sharply amid global risks: Trump's aggressive tariff plans, strong inflation, and uncertainty about the Fed's actions have increased interest in defensive assets. Despite the temporary strengthening of the dollar, gold remains a popular hedging instrument. Technical analysis also points to a bullish outlook. However, growth potential is limited until the Fed clarifies its interest rate policy Technically, on the D1 chart, it is clear that the price is consolidating, with the range continuing to narrow. Due to the bullish factors listed above, we can expect growth to continue. However, it is difficult to say where and when the growth will begin due to the uncertainty factor. All attention is on the support at 3320-3312, the triangle support, as well as the consolidation support at 3287. Resistance levels: 3365, 3375 Support levels: 3320, 3312, 3287 Since the opening of the session, the price has spent part of its daily range, so there may not be enough potential for the decline to continue. A false breakdown of support and consolidation of the price above the key zone may attract buyers, which will trigger growth towards resistance. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Nice! Our idea from yesterday worked well giving the short trade into the level we wanted, to then break below the bias level and give us our 2 Gold Excalibur targets and 1 of our red box targets shared with the wider community. We suggested our traders watch the level of 3310 for a potential RIP, and that's exactly what we got upside. Now, we have support at the 3330-27 level and resistance above at 3340-3. We have a red box above as well so we'll be waiting to see if the close is significant enough for us to target higher tomorrow! For now, keep an eye on the retracement into the 3335-2 level initially. RED BOXES: Break above 3335 for 3341, 3355, 3362, 3370 and 3376 in extension of the move Break below 3320 for 3310✅, 3304, 3297 and 3294 in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
19
GBPCHF → Retest of resistance to the global downtrendFX:GBPCHF is facing resistance from the local trend, which is aligned with the global bearish trend. The trend may continue... A retest of resistance is forming within the global downtrend. As part of the correction, the price is testing the zone of interest and, after a false breakout of 1.7935, is returning to the selling zone. The currency pair is rebounding from the resistance of the local trend, which coincides with the global trend. Consolidation of the price below 1.078 may trigger a continuation of the decline Resistance levels: 1.07932, 1.0823 Support levels: 1.07744, 1.07255 Price consolidation in the selling zone followed by a break of the local structure could strengthen the bearish sentiment, which could trigger a further decline overall. Best regards, R. Linda!
Short
by RLinda
4
Mastering supply and demand zones - how to use it in trading?Supply and demand zones are key concepts in technical analysis used by traders to identify potential price reversal areas on a chart. They are based on the idea that prices move due to an imbalance between buyers (demand) and sellers (supply). ------------------------- What will be discussed? - What are supply and demand zones? - How to detect supply and demand zones? - Examples from supply and demand zones? - How to trade using supply and demand zones? ------------------------- What are supply and demand zones? Supply and demand zones are areas on a price chart where the forces of buying and selling are strongly concentrated, causing significant movements in price. In simple terms, a supply zone is an area where selling pressure exceeds buying pressure, often leading to a drop in price. It usually forms when price moves upward into a region where sellers begin to outnumber buyers, pushing the price back down. On the other hand, a demand zone is a region where buying pressure exceeds selling pressure, typically resulting in a rise in price. This occurs when price moves downward into a region where buyers see value and begin to outnumber sellers, causing the price to increase again. These zones reflect areas of imbalance in the market. In a supply zone, sellers are more eager to sell than buyers are to buy, often due to overbought conditions, news, or fundamental changes. In a demand zone, buyers are more eager to buy than sellers are to sell, often because the price has become attractive or undervalued. Traders look for these zones because they provide clues about where price may reverse or stall, offering potential entries or exits for trades. ------------------------- How to detect supply and demand zones? Identifying supply and demand zones involves analyzing price action on a chart, typically using candlestick patterns. A common way to detect a supply zone is to look for a sharp upward move followed by a sudden reversal or strong drop in price. The area where the price stalled before falling sharply is likely to be a supply zone. This zone includes the highest candle body or wick before the drop, and a few candles before it that mark where the selling pressure began. To identify a demand zone, you would look for a sharp drop in price followed by a strong rally upward. The area where the price paused before rising significantly can be considered a demand zone. Like with supply zones, the demand zone includes the lowest candle before the price reversed and a few candles leading up to it. These zones are not exact price levels but rather ranges. Price does not have to touch an exact line to react; it often moves within the general area. For more accuracy, traders often refine their zones by identifying them on higher time frames such as the 4-hour or daily chart, then adjusting them slightly on lower time frames like the 1-hour or 15-minute chart. ------------------------- Examples from supply and demand zones: ------------------------- How to trade using supply and demand zones? Trading supply and demand zones involves anticipating how price is likely to behave when it returns to one of these key areas. A common method is to wait for price to enter a zone and then watch for confirmation that it is going to reverse. For example, if price rises into a supply zone, you might look for signs like a bearish candlestick pattern, a drop in volume, or a rejection wick to signal that sellers are stepping in again. This would be an opportunity to enter a short trade with the expectation that price will fall. Conversely, if price falls into a demand zone, you would wait for bullish signals—such as a strong bullish candle, a double bottom pattern, or clear rejection of lower prices—to confirm that buyers are returning. This would be a potential setup for a long trade, expecting the price to move up from the zone. Traders often place stop losses just beyond the zone to limit risk in case the level fails. For a supply zone, the stop loss would go just above the zone, while for a demand zone, it would go just below. Targets can be set at recent support or resistance levels, or by using risk-reward ratios like 1:2 or 1:3 depending on the trader’s strategy. Patience and discipline are important when trading these zones. Not every zone will lead to a reversal, and false breakouts can occur. Therefore, combining supply and demand analysis with other tools such as trendlines, moving averages, or indicators can improve the chances of a successful trade. In summary, supply and demand zones help traders understand where large buying or selling forces are likely to influence price. By learning to identify these zones and waiting for confirmation signals, traders can enter high-probability trades with clear risk and reward levels. ------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like and leave a comment, I’d love to hear your thoughts!
TRADENATION:BTCUSDEducation
by Youriverse
72
EUR/USD Flexing Strength- Is the Next Big Coming? EUR/USD Market Update – Bullish Setup at 1.16440 EUR/USD is trading around 1.16440, maintaining its bullish momentum in the current uptrend. 🔹 Current Price: 1.16440 🔹 Support Zone: 1.1600 – 1.1620 🔹 Resistance Zone: 1.1680 – 1.1700 🔹 Trend: Strong bullish structure with clear upward momentum The pair is holding above key support and aiming for the next resistance at 1.1700. A breakout above this level could open the door to further upside. Traders watching for a retest near support or breakout entry above resistance. 🎯 Trading Plan: Buy on dips above 1.1620 or wait for a confirmed breakout above 1.1680 with volume. #EURUSD #ForexAnalysis #BullishSetup #ResistanceSupport #TechnicalAnalysis #PriceAction #TrendTrading #SmartTrader #FXSignals
Long
by SadarExplore
12
Bitcoin Technical Setup: Support Holds, Eyes on $118,600Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous ideas and finally completed the CME Gap($117,255-$116,675) in the last hours of the week. ( First Idea _ Second Idea ) Before starting today's analysis, it is important to note that trading volume is generally low on Saturday and Sunday , and we may not see a big move and Bitcoin will move in the range of $121,000 to $115,000 ( in the best case scenario and if no special news comes ). Bitcoin is currently trading near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,881-$115,468) , Potential Reversal Zone(PRZ) , and Support lines . According to Elliott Wave theory , Bitcoin had a temporary pump after the " GENIUS stablecoin bill clears House and heads to Trump's desk " news, but then started to fall again, confirming the end of the Zigzag Correction(ABC/5-3-5) . Now we have to wait for the next 5 down waves or the corrective waves will be complicated . I expect Bitcoin to rebound from the existing supports and rise to at least $118,600 . The second target could be the Resistance lines . Do you think Bitcoin will fill the CME Gap($115,060-$114,947) in this price drop? Cumulative Short Liquidation Leverage: $121,519-$119,941 Do you think Bitcoin can create a new ATH again? Note: Stop Loss(SL)= $114,700 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
6
EURAUD → Correction for accumulation before growthFX:EURAUD reaches the zone of interest during a correction and forms a false breakdown of local support. Traders can switch to the buy side to support the trend. Against the backdrop of a global bullish trend and a correction in the euro, the currency pair is following this movement, the essence of which is to consolidate funds for further growth. Liquidation is forming in relation to the liquidity zones of 1.785, 1.78, and 1.773, and the market imbalance is changing. The current movement is bringing the price to the zone of interest: the liquidity area of 1.773 and the order block. The capture of liquidity relative to 1.773 leads to the formation of a false breakdown and a pullback to the area of interest for buyers. Accordingly, price consolidation above 1.776 and 0.7 Fibonacci could support the main trend and allow the price to strengthen. Support levels: 1.776, 1.773, 1.763 Resistance levels: 1.786, 1.795 The euro clearly demonstrates an upward trend, the structure of which has not been broken during the correction. Correction is a perfectly healthy movement within a trend, allowing positions to be opened at more favorable prices. If the bulls hold their defense above 1.776, momentum towards the specified targets may form. Best regards, R. Linda!
Long
by RLinda
8
EURUSD: The Logic of Institutional Capital UnveiledThe trend is your friend... until it isn't. While EURUSD remains in a clear global uptrend, the short-term picture is far more deceptive. Before you jump into a long position, it's crucial to understand the bearish order flow that has taken control on the 4H chart. This idea isn't about fighting the trend, but about having the patience to join it at the right, high-probability moment. Let's dive in. The most liquid forex asset, EURUSD , continues its global uptrend as long as the price does not close decisively below the daily structure's BOS level at 1.14458. On its ascent, the pair met resistance from a monthly supply zone , from which it began a daily structure correction. This correction was paused by a demand zone and the 61.8% Fib level. While this might seem like a sufficient support point to consider long positions, let's look at the context on the 4H structure to see why I believe the correction will go deeper. The 4H structure shows a clear bearish order flow that began from the aforementioned monthly supply zone. We see this order flow manifest as the price consecutively rejects from order blocks #1 and #2 ( they have fulfilled their role and should no longer be considered — any manipulation zone becomes deactivated after its first mitigation ). It would have seemed logical for the price to then reject from OB #3 , where I was personally expecting a counter-trend short trade upon its mitigation, especially after the 4H structure had broken down (BOS 4H). However, the price doesn't always behave as we expect ; it dropped to the demand zone, leaving behind a 4H FVG. This left OB #3 still technically valid. But the sharp squeeze on July 16th reached the 4H FVG, rebalancing it and thus invalidating OB #3 as a Point of Interest (POI) for large capital. This is because the price was already delivered close to it, and with a high probability, the "Whale" closed its losing hedged long positions there, having no reason to return the price. The sharp upward squeeze on July 16th also served to sweep liquidity from the high marked with an 'x'. These two factors — the FVG mitigation and the liquidity sweep — confirmed the continuation of the bearish order flow and indicated that the price is likely to continue its corrective move towards the next support levels. Let's examine them in more detail. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Two Potential Long Scenarios SCENARIO 1: Entry from the Daily Order Block The first level for a potential reversal is the 78.6% Fibonacci retracement level from the daily structure, in conjunction with a daily order block . ► Setup Condition: Price must reach this level, mitigate the order block, and hold above the 78.6% Fib level. An entry will require LTF confirmation (a BOS or the beginning of LTF order flow). ► Invalidation: A break of the 78.6% level with the price closing below it. Note: I consider the scenario of breaking this level quite probable due to the weakness of this daily order block — it did not sweep any liquidity when it was formed. Thus, it may itself act as liquidity, activating the second long scenario. SCENARIO 2: Entry after a Deeper Liquidity Sweep This scenario becomes valid if the first one fails. ► Setup Condition: A liquidity sweep below the daily structure's break level (BOS D) , which simultaneously corresponds to reaching the 50% Fib level from the weekly structure . This confluence strongly reinforces the setup if this level (at 1.14480) holds. Since this is a weekly level, it must not be broken by the bodies of daily candles closing below it. ► Invalidation: A daily candle close below this level. In that case, we can confidently assume that the uptrend is changing and start looking for short positions. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The principles and conditions for forming the manipulation zones I show in this trade idea are detailed in my educational publication, which was chosen by TradingView for the "Editor's Picks" category and received a huge amount of positive feedback from this wonderful, advanced TV community. To better understand the logic I've used here and the general principles of price movement in most markets from the perspective of institutional capital, I highly recommend checking out this guide if you haven't already. 👇 P.S. This is not a prediction of the exact price direction. It is a description of high-probability setups that become valid only if specific conditions are met when the price reaches the marked POI. If the conditions are not met, the setups are invalid. No setup has a 100% success rate, so if you decide to use this trade idea, always use a stop-loss and proper risk management. Trade smart. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you found this analysis helpful, support it with a Boost! 🚀 Have a question or your own view on this idea? Share it in the comments. 💬 ► Follow me on TradingView to get real-time updates on THIS idea (entry, targets & live trade management) and not to miss my next detailed breakdown. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Long
by TheWhaleSM
16
July 2025 - 100% Trump token move to $18 before October"Trump token, it's gonna be huge, believe me. We're talking about a tremendous move, a total win, unlike anything you've ever seen. The fake news, they won't tell you but this token it's exploding. It's happening folks everyone knows it, everyone is talking about it." Alright, enough of that... On the above 1 day chart price action has corrected 45% since the month of April. The chart now displays a compelling technical setup for a 100% move to $18. Bullish Arguments: Support and resistance Price action and Relative Strength Index (RSI) breakout from downtrend resistance. Price action also confirms support on past resistance (red / blue arrows). The trend A higher low print is confirmed with the downtrend resistance breakout. The RSI also mirrors this trend reversal with a higher low print. Divergence Look left. Five oscillators now print positive divergence with price action. Conclusions The downtrend clearly now shows signs of reversal. The next two resistance levels are shown, beyond that is unknown until the upper resistance confirms support. Not expected to occur in this market cycle. Is it possible price action continues to print lower highs? Sure. Is it probable? No. Ww
Long
by without_worries
5