pepe already broke 2 resistance lines on the 15 minute timeframe, level 56 shows clearly that we are gonna make a new ATH
HNTusd and HNTbtc both looking super bullish. Looking for a short term swing, this just might be the move. Rolling over some of my XRP profits into HNT. Seems like if HNT can break thru this level of resistance it'll move to the upside rather quickly. With the correct amount of volume and positive PA im hoping for some god gains here.
Hey guys, this is just something to read and get back on Monday stronger
potential trade opportunity for AUD/USD. caution of high impact news this wednesday, which could throw the analysis out the window lol
I was thinking this is not the right platform for these ideas but I had to correct myself & post as soon as possible. Let’s start! There’s a fascinating correlation between time and investing and time and trading. There’s actually a natural correlation of time in all cycles. Market Cycles / Economic cycles / Adoption Cycles, Life cycle. This gnawing prevalence of time and its impact has been explored by a ton of great traders and investors & a result of some of these investigations had lead to us developing a ton of tools: Gan Fans, Fibonacci etc. The issue with short term trading is that we missed out the greatest tool in investing - time. This is not a knock or promotion of one trading style over another just ideation of thoughts. Money can be made everyday in the stock market full stop. It doesn’t mean you should be in the stock market everyday. To add it would be wise to listen to the advice of great traders - you should take time a way from the markets. Or surely we will suffer the same faith of those before us. Continuing previous points. - We can be at the right place, with the right tools but at the wrong time. You might lose 20 trades in a row due to being right but repeatedly punished for trying to time a move. You might not be wrong - you are also not right. If only you kept your first trade open with a clear invalidation level. How many times have you walked away from a good ticker / trade due to frustration and then see it work out? I’ll go first all the time! An issue of traders then might be the need to (trade) — for better or worse. Maybe we should change our title to Wealth Obtainer. I kid! You might get the raise you were looking for but at the wrong time & now you’ve missed out on the opportunity to buy the starter home. Now you are buying overvalued homes in high inflation environments with high interest rates / insurance. You might be the largest sheep farmer - in a time period where there are no use for sheep and wool. If only I bought Nvidia while I was 3 year old.
Take some profit at these levels as this stock may be more of speculation stock at the higher levels
BINANCE:UMAUSDT COINBASE:UMAUSD ?Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) ?Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 3.66 3.53 3.41 3.29 3.13 ?SL: 4.195 ?The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Nasdaq may retrace to support/trendline, before it continues its uptrend.
Price has been finding daily support at 0.5157 since November. At the end of the first week in December, we finally saw price close below the level in convincing style. The next level of daily support lies at 0.5054 which we last saw price bounce at in August. Look for corrections and sell setups if you agree with this analysis.
When delving into the world of trading, one pivotal aspect often overlooked is psychology. In trading, we engage in two distinct psychological aspects: the collective psychology of the trading community and our unique mindset as individual traders. While we cannot change the psychology of the masses, understanding it is crucial. Equally important is the necessity to reflect on and, if needed, adjust our own psychological framework. In this article, we will primarily focus on the psychology of the individual trader. The Complex Nature of Trading As an aspiring trader, sooner or later, you will come to appreciate that the intricacies of trading go far beyond merely analyzing charts and fundamental data. It’s a common belief that a majority of new traders—around 80%—will face failure early on. If you haven’t experienced failure yet, consider yourself fortunate, and prepare for the inevitable realization: many of your trading challenges stem from within. 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However, the harsh reality is that the primary person to be held accountable is you—the trader. Accepting personal responsibility is a fundamental step towards becoming a successful trader. Essential Ingredients for Trading Success To navigate the path of successful trading, you will need to master four critical components: psychology, market analysis, a robust trading plan, and effective money management. In this exploration, we will focus primarily on the psychological component. Read Also: https://www.tradingview.com/chart/USDJPY/kyoCdLej-The-Top-Ten-Money-Habits-Every-Trader-Should-Embrace/ The Value of Psychological Awareness People often ponder whether my background in psychology has contributed to my trading success. The answer is yes. Psychology equips me with the ability to face reality and introspect regarding my emotional responses. 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This exercise will reveal vital insights about whether you're suited for a specific trading style—be it investment, day trading, or longer-term strategies—and help you craft an appropriate trading plan that aligns with your unique personality. Read Also: https://www.tradingview.com/chart/XAUUSD/FlrxODOC-Trader-s-Checklist-for-Successful-Trading/ Conclusion: The Road Ahead Trading is undoubtedly a difficult and stressful endeavor. However, with the right mindset and tools at your disposal, you can navigate this challenging field with confidence. This article serves as an introduction to understanding the vital psychological factors that can influence your trading performance. As you progress, remember to continually assess your emotional health and refine your trading strategy. Establish a comprehensive trading plan before you leap into future trades, ensuring that you’re as prepared as possible for the challenges ahead. With dedication and self-awareness, you can significantly increase your chances of thriving in the trading world. By focusing on your mental approach and understanding the roots of your trading behavior, you can pave the way for a successful future in the exciting world of share trading. Happy trading! Read Also: https://www.tradingview.com/chart/BTCUSD/O2tWWklj-Trade-Mindfully-How-Meditation-Can-Help-You-Thrive-in-the-Market/ ✅ Please share your thoughts about this educational post in the comments section below and HIT LIKE if you appreciate! Don't forget to FOLLOW ME; you will help us a lot with this small contribution