๐๐ 2x Your GAINS With THIS Altcoin Trade!
ALERT! Possible BTC Reversal If THIS Level Fails To Hold!
Overview
Chart #1 - Arweave (ARUSDT) 8-Hour
Chart #2 - Filecoin (FILUSDT) 8-Hour
Chart #3 - The Graph (GRTUSDT) 8-Hour
Chart #4 - Injective (INJUSDT) Daily
Chart #5 - Fear and Greed Index
Chart #1 - Arweave (ARUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
AR has been one of the best movers over the last couple of weeks.
Itโs currently trading in the $12.80 - $13.50 area of support, and there is a long trade opportunity!
Weโll use Bybit to trade up to the next area of resistance.
Enter at around $12.80 - $13.00.
Take profit at the next area of resistance which is from $15.30 - $16.00.
There is a possibility that Bitcoin could correct soon, so Iโm looking at a tighter stop loss at around $12.30.
Please manage your trades tightly over the next week or two, as the market could be entering a correction phase.
Chart #2 - Filecoin (FILUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
FIL is currently at $8.10. It found some selling pressure above, and there is a local support level nearby at $7.70.
When and if bulls push through the resistance, the next one is at $9.22. And we can trade it on Bitget. These are my levels:
Enter the spot long trade, at around $7.75
Take 18% profit at around $9.20
Take 36% profit at around $10.60
Stop Loss just below $7.30
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Chart #3 - The Graph (GRTUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
GRT is hovering at $0.27 where local support is.
If that support holds, we may have another long opportunity all the way up to $0.53! Thatโs nearly a 2x. Head over to Bitget and set the levels:
โข Enter the spot long trade, at around $0.27.
โข Take profit at around $0.39 (47%)
โข Take profit at around $0.528 (96%)
โข Stoploss just below $0.265
Chart #4 - Injective (INJUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
Over the last two months, INJ has been ranging roughly between $31.00 and $43.80.
Itโs now testing the top of the support range at $33.50, so itโs a great trade opportunity back up to resistance:
Enter the spot long trade, at around $33.50
Take profit at around $40.00 - $43.80 (19% - 30%)
Stoploss just below $31.00
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 76 today, indicating Extreme Greed.
The highest the index has been over the past seven days is 78, and the lowest is 72.
Banterโs Take
Bitcoin is flirting with the lower area of its range, at $51,250. This raises concernsโฆ
If Bitcoin drops below $50,650 and fail to reclaim it, thereโs a high chance the market flips - in which case we should flip our mentality too.
But, do not FOMO in to any trades until you have strong evidence of a reversal!
Stay safe my friends!
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