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Loom Network / TetherUS PERPETUAL CONTRACT

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LOOMUSDT.P trade ideas

$LOOM hovering on a support trendline in confluence with 200ema Ascending Support Line: The price is respecting a clear ascending trendline, acting as support. Every time the price touches this line, it bounces back, suggesting that buyers are still in control. Moving Average: The 200-period moving average (red line) is providing additional support, and the price is currently above it, which typically signals a bullish bias. Potential Breakout: The projected price action shows a bullish scenario with a potential 28% upside from the current level. The target indicated on the chart is around $0.07130, with a current price of $0.05574. Resistance Levels: The upper horizontal resistance is marked near $0.07130. Breaking this level could open the door for a larger upward movement, but this would depend on the strength of the volume and market conditions. Price Target: If the ascending support continues to hold, the price may rise gradually before breaking out toward the $0.07130 resistance, representing a potential 28% gain from the current level.
Long
by CHILL_TRADER99
Loom Network: 600% or 2,600%? Let Me Explain... (Disclaimer)Remember Loom Network last year? It grew more than 1,250% in 6 weeks. This happened on both the Tether (USDT) and Bitcoin (BTC) pairs. In 2020/21 it grew ~3,400%. I think we are set for another strong wave, simply based on past action. Potential is huge... Loom Network has been printing higher lows long-term, and higher highs. It has been bearish since October 2023 and recently it stopped dropping after hitting the same support levels three times. We are likely looking at another long-term higher low. These are marked on the chart with black lines. We are aiming mainly at the 624% target. That is, between 385% and 624% on the chart. This is the "easy," high probability target. We are not greedy and such a trade, even if we had to wait, say 6 months, would be awesome. The truth is though that it can play out much faster. Long-term higher lows signal a new higher high potential in the upcoming bullish wave, and thus the 1,630% and 2,648% targets open up. This is also a possibility and there is nothing wrong with aiming high up. You can choose based on your preference. The way we do it, we accumulate when prices are low and instead of selling everything at one target, there is no need to be 100% right, we sell portions at each target. So we can sell some at 385%, if it keeps growing then more at the next target and so on. Always leaving something behind just in case it goes higher... Cryptocurrency tends to surprise. None of this information is to be construed as financial advice. What I am writing is my interpretation of the chart. What we call "bullish signals" points to this pair; the candles, the financial hieroglyphs, moving higher in the long-term. This "higher" we translate as certain percentages, numbers, and these numbers some people use to trade. Whatever you do is up to you. If you make any money, you can keep it, all of it. It is your decision, your computer, your actions; your win, your results. If you lose any money, the responsibility is completely yours. We are not and cannot be responsible for your actions. You are an adult. If you cannot accept risks, win or lose, then trading might not be for you. If you can... Welcome to the Cryptocurrency market. My name is Alan Santana. Namaste.
Long
by AlanSantana
LOOMUSDT | Trendline Break Signals Potential Upswing!!LOOMUSDT has recently broken the trendline, signaling a potential big upward move. While we anticipate this bullish momentum, a small correction could occur before the price takes off. Stay alert and trade safely! LOOMUSDT (1D Chart) Technical analysis LOOMUSDT (1D Chart) Currently trading at $0.06 Buy level: Above $0.056 Stop loss: Below $0.046 TP1: $0.07 TP2: $0.085 TP3: $0.1 TP4: $0.13 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
#LOOM/USDT#LOOM The price is moving in a bearish channel on the 12-hour frame and is sticking to it well The price rebounded well from the lower channel border at the green support level 0.0700, where some correction is expected. We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 0.0770 The first target is 0.09280 The second target is 0.1100 The third goal is 0.1261
LLong
by CryptoAnalystSignal
LOOM/USDT It's need break the resistance for continue upward!💎 Paradisers, #LOOM is certainly catching attention as a potential coin to watch. 💎 It has successfully broken out of the descending resistance area, signaling positive momentum and an upward movement in price. 💎 However, it's encountering resistance around the $0.103 area, and the MACD support for bullish momentum a decisive break above this resistance is needed to confirm LOOM's shift to an upward trajectory, potentially leading to a test of our target resistance area. 💎 Should LOOM fail to break the resistance, there's a possibility it could retest the trendline area or find support around the $0.088 - $0.08 range to gather momentum for another attempt at breaking the resistance. 💎 If LOOM fails to bounce and breaks below the support level, the next significant level to watch is the demand area around $0.074 - $0.06. Historical data shows that LOOM has successfully bounced from this level before, leading to significant upward movement. Should history repeat itself, a bounce from this area could fuel a renewed bullish momentum. 💎 However, bullish invalidation would occur if the candle closes below the demand area, indicating a confirmed breakdown in price and potentially signaling further downward movement. MyCryptoParadise iFeel the success🌴
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by MyCryptoParadise_Nathan