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XRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213...

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In my view, if I don't consider the potential breakdown of the 68,170 price level as a fakeout, we shouldn't dip below it. However, if the price breaks below, I would regard it as a false breakout and look to open a short position with a break of 67,594.47, provided that Bitcoin dominance also declines. If, during the breakdown, Bitcoin dominance remains bullish...

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It seems we have experienced enough upward momentum, and now, with the support level at 66,842, a short position can be considered. However, since this position goes against the main trend, it’s crucial to set a tight stop-loss to manage risk and ensure an early exit with a favorable risk-reward ratio. The next support level for this strategy could be...

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Typically, when we experience fakeouts from both the top and the bottom, the market tends to lose volatility and enters a consolidation phase. In this case, as long as we remain above the key support level of 63,895, there is no significant cause for concern. These movements can be considered part of a price and time correction. This analysis suggests that...

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The asset has been consolidating within an ascending channel. A breakdown below this channel could potentially signal the initiation of a bullish market trend. However, a pullback to retest the broken channel is a likely scenario. Despite the challenges in analyzing USDT.D due to its unique market dynamics, the asset's reaction to the channel cannot be overlooked....

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Based on current price action, it appears that may be entering a bearish channel, indicating a potential downward trend. This channel could manifest in two primary retracement zones: Zone 1: Between 51 and 47,550 Zone 2: Between 42,240 and 41 Market Volatility: Remember that market conditions can change rapidly, and this analysis is based on current price...

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Introduction Traders often seek opportunities to profit from market downturns by establishing short positions. However, it's crucial to exercise caution and conduct thorough analysis before initiating such trades, especially when the overall market trend is bullish. This article delves into the considerations involved in shorting during an upward trend and...

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ENJUSDT is currently in an upward trend and has the potential to experience significant growth if it breaks above this region. Entry point: $0.6667 Stop-loss: $0.6546 Target: $0.7368 Due to the high risk associated with the market, consider taking profits at $0.6910 and holding the remaining position until the target is reached. To confirm entry, you can...

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Timeframe: 1 Hour Analysis: AVAX is currently facing resistance at the $44.12 price level. A breakout above this level could signal a bullish move towards the $56.40 target. To confirm the breakout, traders should monitor the following: BTC.D: If BTC.D is trending downwards and breaks below a support level, this could indicate a bullish trend for altcoins like...

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It is in an upward trend, the entry point is 0.8258, the stop is 0.7950, the first target is 0.8799, if it reaches the target, take risk free because it is in a supply zone, but if it declines, keep this zone or buy in the spot and keep it long-term, it has volume. It seems that it is a sign of buyer force. If RSA closes above the number 63 in the 15th time, it...

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SANDUSDT is currently in a parabolic uptrend, presenting a lucrative opportunity for traders. The recent surge in volume indicates strong buying pressure, further validating the bullish outlook. Entry Point: 0.7212 Stop Loss: 0.6985 Target: 0.9125 The parabolic uptrend is characterized by a series of higher highs and higher lows, with the price action...

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Entry Point: $10.40 Stop Loss: $9.87 Target 1: $14 Analysis FILCOIN has been in a downtrend since its all-time high of $237.73 in March 2021. However, the recent price action suggests that a reversal may be in the cards. The price has been consolidating above the $10 support level for the past few weeks. Volume is increasing, which is a sign of buying pressure. I...

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Timeframe: 1 Hour Analysis: GRTUSDT is currently facing resistance at the 0.3336 price level. A break above this level could lead to a 58% surge in price, with a target of 0.5274. Entry: Enter long if the price closes above 0.3336. Place a stop-loss order at 0.3094. Confirmation: RSI (14) on the 1-hour chart should be above 70 to confirm the breakout. Risk...

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After 658 days, SUSHIUSDT is expected to close above $1.838 and initiate a bullish rally. Two stop-loss levels are suggested: First stop-loss: 31% at $1.328 Second stop-loss (recommended): 52% at $0.931 First target: $4.931 For spot trading, a risk-free approach is recommended, where only a portion of the investment is allocated. RSI is currently overbought,...

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Daily candle close above $0.3533: This would mark the first time IOTA has closed above this level in over 650 days, potentially signaling a significant shift in momentum. Increasing volume near $0.3533: Rising trade volume often aligns with increased buying pressure, potentially confirming bullish sentiment. RSI (4H) exceeding 71.3: This Relative Strength Index...

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AAVEUSDT is a cryptocurrency that allows users to lend and borrow digital assets. It is currently trading at $119.39. If it closes above this price today, it could be a good opportunity to buy for the following reasons: AAVEUSDT has not closed above $119.39 in 658 days. This suggests that the price may be breaking out of a long-term downtrend. The RSI indicator...

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Filecoin (FIL) is a decentralized storage network that allows users to store and retrieve data on a global network of computers. FIL has been trading below $9.8 for 658 days. However, the recent price action suggests a potential breakout. Technical Analysis The daily chart of FIL shows that the price has been consolidating between $8.5 and $9.8 for the past few...

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DYDX: Poised for a Breakout? DYDX has been on a tear lately, breaking above the $4 resistance level for the first time in over 651 days. This is a significant technical development, as it could signal the start of a new uptrend. Volume is also increasing, which is another bullish sign. This suggests that there is strong buying pressure behind the move. The RSI...