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Moonshark

@memehunter

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We are entering an interesting area for $SOL As I said in the previous analysis, if the weekly candle did not close in RAID, then the reversal would not be valid. And as you can see in the weekly chart, the body of the candle closed below the sell side liquidity, so no sign of reversal = we will liquidate lower. What we can expect going forward: potentially a slight accumulation time can occur at theses $140 levels. Quite simply because we are in the POC (Point Of Control), a highly demanded level (the greatest level of volume in a price zone). So basically if the price begins to accumulate at theses levels with signs of reversal on the HTF candles, then $SOL can resume its run back up. The second level to watch, if we go bullish again, will be around $220. I personally bought some $SOL at theses levels, lets see if I am right. Will hold it for few weeks and see what happens.
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$TRX is arriving at big resistance levels. Here is an analysis on $TRX (Tron). I have posted two graphs: the first is Daily (D) and the second is Hourly (H1), therefore medium/long term and mid/short term. HTF (Higher Time Frame) As you can see on the chart, I noticed an orderblock which was a trigger for the bullish movement which allowed us to break a new ATH. The price came back above it and reacted very well leaving a large wick, showing that this area is still protected by buyers. From now on, to confirm a bullish scenario, we would have to break the S/R keys that I noted on the chart. H1 (Hourly) On graph H1, I noted two significant liquidity levels: -SSL (Sell-Side Liquidity) -BSL (Buy-Side Liquidity) If the price reacts well to the support level I noted (rectangle), then our short-term target will be the BSL. If this is not the case, we will have an SSL sweep, and probably then the price will go bullish again. Lets see if I am right.
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Market overall is looking down, all big memes are down, I think its time to bid your conviction plays on theses juicy dips. Regarding $BTC, we can see that its reaching a support level, I think that the price could continue to drop which will serve as a liquidity zone. From there, we could potentially see $BTC make a reversal and head back to new ATH’s. Personally I will not let this little dip affect me, I remain bullish. As for the crypto market sentiment in general, the hype is still there and people remain bullish, even tho we are in a big red day, this stuff is just part of the process and can happen. Liquidity will just get redistributed and recreated in order to continue pumping. Obviously, as you know, the alts follow $BTC, hence the big nukes on them, but as soon as BTC starts going back, we can see the major alts following.
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