we need a daily close above 0.13 to achieve the target shown on the chart
CL1! currently trending strong to downside daily/ 4hr * if we can get a 15min candle to close near/ below 70.25 area trend should continue * exit around 68.54 if we get enough momentum or once you start seeing strong buying pressure
The price is having difficulty making new highs, and the RSI confirms this. $170 is the most important support; if this is lost, the $130-155 range can be tested. Below, $110 and $80 are important supports. Positive scenario; if the price gets continuous support from $170, new ATH attempts may come. (260 - 415 - 510 - 670 dollars) Negative scenario: If $170 is lost, the price will search for the supports I mentioned below for a long time and consolidate between these supports. It could be a sideways market or a downtrend. These are the situations I am currently watching and expecting. This is not investment advice.
Pair: XAU/USD Timeframe: 2H Gold has repeatedly reversed to the upside after testing a key trendline, which is now acting as strong support. With this consistent price action, another bullish push is likely once the price retests the trendline. Keep an eye on confirmation signals for the next potential move.
Mstr bullflag with bottom I bought big at 306$ 5x leverage mstr stock on etoro.
Buying the dip is a trading strategy where you take advantage of temporary price drops in an overall uptrend. The goal is simple: enter the market at a lower price before it resumes its upward move. It sounds easy, but knowing when and how to do it makes all the difference. In this guide, we’ll explore key setups, ideal market conditions, and smart risk management techniques to help you trade dips like a pro. ? 1. Understanding Market Structure ?️ Before jumping into a trade, it’s crucial to understand how price moves. A strong uptrend is characterized by higher highs and higher lows—this is where buying dips can be very profitable. But beware: not every drop is a buying opportunity. Some dips are part of a pullback, a temporary retracement before the trend resumes, while others signal a complete reversal—the last thing you want to buy into. Key levels to watch include support zones, Fibonacci retracement levels, and high-volume areas. These zones act as potential turning points where the price is likely to bounce. 2. Proven Setups for Buying the Dip ? ? Fibonacci Retracement Support When the price pulls back within a strong trend, it often lands on key Fibonacci levels like 38.2%, 50%, or 61.8%. These act as natural support points where buyers step in. If a strong bullish candle appears at one of these levels, it can signal a solid dip-buying opportunity. https://www.tradingview.com/x/heUeqxsP/ Combine this with an oversold RSI and rising volume, and you have a strong case for entry. ? Liquidity Grab (Stop Hunt) Markets love to shake out weak hands. Sometimes, the price dips below a previous low, triggering stop-loss orders before reversing sharply. This is called a liquidity grab—smart money accumulates positions while retail traders panic. https://www.tradingview.com/x/y5zkEYtV/ If the price quickly reclaims the level it just broke, it’s a strong buy-the-dip signal. Look for big buy orders, a sharp recovery, and bullish candlesticks to confirm entry. ? Anchored VWAP Test Institutions often base their trades around VWAP (Volume Weighted Average Price), especially when anchored from a significant swing low. When the price revisits this VWAP in a strong uptrend, it’s a potential dip-buying zone. https://www.tradingview.com/x/UGoOIteb/ Watch for bounces off VWAP, rising volume, and confluence with other support levels for confirmation. ? Point of Control (POC) Revisit Markets move towards areas of high liquidity. If the price revisits the Point of Control (POC)—the price level where most volume is traded in a range—it often serves as strong support. https://www.tradingview.com/x/5Wisyc8S/ When price pulls back into the POC and finds buying interest, it’s a great spot to enter. Look for strong reactions, failed attempts to move lower, and confluence with Fibonacci levels. ? Previous Range Support A breakout from a trading range is significant, but the price often returns to retest the range high as new support before continuing higher. If this happens on low selling pressure and aligns with moving averages or VWAP, it can be a golden buy-the-dip opportunity. https://www.tradingview.com/x/oZkd1S0z/ Look for bullish reactions, buying volume, and strong candles off the level. 3. When Buying the Dip Works Best ✅ Not all dips are worth buying. The best setups occur when: The market is in a strong uptrend, making higher highs consistently. ? Volume is high, showing that buyers are stepping in. ? Macro conditions support upside movement, like favorable economic news. ? 4. Risk Management: Protecting Your Capital ?️ Even the best traders take losses. What matters is how you manage risk: Set a Stop Loss ?: Always place a stop below key support levels. Position Sizing ?: Never risk more than a small portion of your capital per trade. Have an Exit Plan ?: Know where you’ll take profits, whether it's at a resistance level or a trailing stop. Scale In and Out ?: Enter gradually instead of all at once, and take profits along the way to lock in gains. Key takeaways ? Buying the dip can be a powerful strategy—when done correctly. The key is patience: wait for strong trends, allow price to reach significant levels, and confirm with volume and momentum. Combine technical analysis with solid risk management, and you’ll improve your chances of success in the markets. Happy trading! ?
This weeks edition of the market matrix. How I'm looking to participate in the Gold, DXY, SP500 & Crude Oil markets this week. I throw in some COT analysis as well.
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Technical Analysis: Look for key levels of resistance that might act as a ceiling, and also support levels that could be breached during the decline. Indicators like the RSI, MACD, or moving averages might help confirm the bearish momentum. News and Events: Keep an eye on economic news, central bank statements, or geopolitical developments, as these can strongly influence the pair. Stop Loss and Take Profit: Since you're targeting a 100-pip move, you might want to set your stop loss and take profit levels according to your risk tolerance.
GLMUSDT(Golem) Daily timeframe range. finally we can see some move here. almost reached close to 0.4504. now if it can get a valid close above 0.3355 it can revisit there again. local low and support still at 0.2323.