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Resistance_level

Morning Star formation on Daily TF but..Morning Star formation on Daily TF. Monthly Closing above 29 would be a Positive Sign. However, 28 - 29 can be a Good Support Zone. 28.50 should not be broken, otherwise further Selling Pressure can be witnessed. On the flip side, 32 - 32.50 is an Important Resistance. However, only Morning Star formation is not enough, because it is currently at Strong Resistance around 32 - 32.5, so let it sustain this level. Sustaining this level may give 2-4 riyals gain.
TADAWUL:2190
by House-of-Technicals
#ARCUSDT - Monitor this asset closely📈 LONG BYBIT:ARCUSDT.P from $0.25588 🛡 Stop Loss: $0.24176 ⏱️ 1H Timeframe ✅ Overview: ➡️ BYBIT:ARCUSDT.P has broken out of a Falling Wedge pattern and is following an upward trend. ➡️ The POC (Point of Control) at $0.24041 confirms liquidity in this zone, potentially acting as strong support. ➡️ The key resistance is at $0.25588; if the price holds above this level, it may lead to further gains. ➡️ Increased volume signals strong buyer activity and a high probability of continuation. ⚡️ Plan: ➡️ Important: Set an order in advance to ensure execution when the price reaches the entry level! ➡️ Enter long above $0.25588. ➡️ Stop-Loss placed at $0.24176 for risk management. 🎯 TP Targets: 💎 TP1: $0.26618 🔥 TP2: $0.27640 ⚡️ TP3: $0.28670 🚀 BYBIT:ARCUSDT.P - Monitor this asset closely! 🚀 Place your order in the listing so that it executes automatically when the breakout occurs.
Long
by MoriartyTrading
BNX Breakdown: The Next Trade SetupBNX has recently been testing a key resistance zone around the $1 level. After hitting the 0.618 Fibonacci retracement at $1.10, the market shifted into a downtrend. Let's analyse where our next trade opportunity might arise. Market Structure & Confluence Zones $1 to $1.1: BNX encountered robust resistance between $1 and $1.1, where the 0.618 Fib retracement aligns perfectly with the fib speed fan (0.618-0.65). Additionally, the anchored VWAP taken from the high at $1.1 aligns beautifully with the $1 mark, adding another robust layer of resistance. This convergence reinforces the strength of this zone and signals potential continuation of the downtrend. Recent price action shows that BNX has repeatedly bounced off the 0.618/0.666 levels during small downward corrections. Moving Averages on the 1-Hour Chart: The 21 EMA/SMA on the 1-hour timeframe is clustering between $0.97 and $1, providing additional confirmation of the resistance and offering an ideal entry region for short trades. Primary Short Trade Setup Given the multiple confluences around the resistance zone, our main focus is a short trade with a well-defined laddering strategy: Entry Strategy (Laddering): Initiate short positions with staggered entries between $0.97 and $1.019. This dollar-cost averaging (DCA) approach allows for flexibility and optimises your entry as price tests the resistance zone. Stop Loss (SL): Place your stop loss around $1.0375, just above the Point of Control (POC) or the previous high in this range to effectively manage risk. Target: Aim for a profit target at $0.8. This target is supported by multiple technical indicators. Risk/Reward Ratio: With these levels, you are looking at an approximate risk/reward ratio of 4:1 or better, depending on your specific DCA weighting. Confirmation: As always, await confirmation through order flow analysis and the appearance of rejection candles at key levels before entering the trade.
BShort
by SiDec
3
#SPELLUSDT continuation of the downtrend📉 SHORT BYBIT:SPELLUSDT.P from $0.0009866 🛡 Stop Loss: $0.0010430 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:SPELLUSDT.P remains in a downtrend, forming lower highs and lower lows. The price failed to hold above $0.0010000, signaling weak buying momentum. ➡️ POC at $0.0010250 suggests that major volume accumulation is above the current price, reinforcing the bearish outlook. ➡️ If the price stays below $0.0009866, a continuation towards $0.0009485 and $0.0008901 is expected. ➡️ Volume remains moderate, indicating declining demand and a likely continuation of the downtrend. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $0.0009866 if price confirms rejection at resistance. ➡️ Risk management with Stop-Loss at $0.0010430, above key resistance. 🎯 TP Targets: 💎 TP1: $0.0009485 — first profit-taking level. 🔥 TP2: $0.0008901 — major support zone. 🚀 BYBIT:SPELLUSDT.P Expecting a continuation of the downtrend! 📢 BYBIT:SPELLUSDT.P remains under selling pressure. If the price holds below $0.0009866, further downside movement towards $0.0009485 and then $0.0008901 is expected. 📢 However, if the price reclaims $0.0010430, the bearish scenario could be invalidated, leading to a potential upward correction.
Short
by MoriartyTrading
Crude Oil Outlook: Key Levels Shape the Path AheadHello Traders, Trust you are doing great. Please take some moment to go through my analysis of USOIL and share your thoughts. Overview USOIL is currently trading at 70.08, with mixed trends across timeframes. On the H4 chart, the pair remains bullish, recovering from a recent correction. Meanwhile, the H1 chart shows a bearish trend in a corrective phase, with resistance emerging in the 70.19–70.90 region. Idea An impulsive rally from 67.045 on December 5th corrected to the 0.5 Fibonacci retracement level at 68.78 on December 13th, where support was established. This led to a bounce toward 70.19-70.21, which now acts as resistance. If this resistance holds, a downward move is expected, targeting 67.70 and 67.08, areas where a bullish bounce may likely occur. The short-term bias remains bearish unless price breaches the Friday high of 71.38, which would shift focus to the 71.66–72.21 zone as a potential turning point. Conclusion In the short term, the bearish outlook is dominant, with 71.38 as the key invalidation level and a stop-loss reference. A break below 69.65 would add confidence to the bearish scenario, while any move above 71.38 could signal further upside, targeting the 71.66–72.21 zone for a potential reversal. Cheers! Merry Christmas and Happy New Year in advance.
TVC:USOILShort
by Samuel124
USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Long
by Samuel124
1