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Observing the $BIRB rise above the 0.255 mark and swiftly regain the short-term moving averages indicates that the buyers stepping in during the dip have indeed taken charge.
The price action is creating a strong upward trend with increasing low points, suggesting that an accelerated climb towards the 0.30 resistance level is imminent.
$BNB /USDT Recovery After Significant Drop — Buyers Attempting to Reestablish Dominance
BNB has made a strong rebound from a significant demand area close to 570, creating a distinct recovery pattern on the hourly chart.
Following a swift decline from the 760 region, the price has begun to form higher lows and is currently stabilizing around 650, indicating that buyers are slowly re-entering the market.
Provided that BNB remains above the support range of 620 to 630, the bullish recovery trend is still intact. A decisive move above 670 could signal additional gains toward the subsequent resistance levels.
Observing $SOL drop to 67.2 and then quickly create a significant rejection wick indicates that buyers are actively working to protect this price point.
The green candles are increasing in size as they remain consistently above the MA7, giving the impression that a robust rebound towards the 94.0 area is currently building.
$ENSO experienced a rapid acquisition, as it seems that purchasers are beginning to re-enter the market.
Long $ENSO
Entry: 1.33 – 1.40
SL: 1.27
TP1: 1.49 TP2: 1.59 TP3: 1.73
The selling pressure diminished swiftly following the retracement, and purchasing interest appeared promptly.
Declines aren't decreasing significantly before encountering resistance, whereas recoveries are gaining momentum.
The activity suggests that buyers are gradually strengthening their positions, which typically results in further upward movement if demand remains stable.
$B2 USDT Instability Retreat — Formation of Base or Additional Decline?
B2 is undergoing notable variations on the 15-minute chart after encountering resistance near the 0.82 level and entering a correction period.
The value fell to roughly 0.66, experienced a swift recovery, and is now finding stability within the 0.73 to 0.74 zone, indicating indecision among buyers and sellers.
Provided that B2 stays above the support area of 0.70, a temporary rebound is possible. Conversely, if this level is breached, it may result in another decline.
Trading Plan
Entry Price: 0.72 – 0.7323
First Target: 0.764 Second Target: 0.7930 Third Target: 0.8210
The decline in $ZEC has been effectively purchased, and it appears that investors are re-entering the market now.
Long $ZEC
Entry: 201– 211
SL: 193
TP1: 226 TP2: 240 TP3: 259
Selling pressure diminished swiftly following the decrease, and prices began to stabilize as buyers emerged early.
There hasn’t been significant continuation to the downside, while recoveries are gaining momentum.
The overall sentiment seems favorable with buyers gradually taking charge, which typically promotes the potential for an upward movement if interest remains strong.
The repeated rejections of the 36.2 resistance by $HYPE, indicated by lengthy upper wicks, suggests that the buying pressure is encountering a significant obstacle.
The price movement appears to be excessive and is beginning to weaken its hold on the recent high, implying that a rapid move down towards the MA99 area may be imminent.
$BTC has encountered significant selling activity within the 1H timeframe, experiencing a decline of almost 10% and breaching several support levels while consistently creating lower highs and lower lows.
The price has cleared liquidity near the 60,000 psychological mark and is now demonstrating a brief upward movement toward the 65,500 region, which serves as immediate resistance.
Should BTC be unable to regain and maintain a position above 66K, this upward movement may simply be a temporary correction prior to further downward movement.
A solid support level above 64K–65K could set the stage for a brief relief rally, but the overall trend still appears to favor sellers.
Observing $RIVER struggle at the 15.3 resistance, followed by forceful red candlesticks, indicates to me that the purchasing enthusiasm is clearly diminishing.
The price appears excessively weighed down beneath the MA7, showing no sign of a rebound, suggesting that a rapid decline to the 11.8 support seems imminent.
$RIVER — the selling frenzy has concluded, now observing for a reversal
Long $RIVER
Entry: 13.3 – 13.9
SL: 12.7
TP1: 15.1 TP2: 17.5 TP3: 20.1
The price decline did not see further movement downwards, and support emerged swiftly, indicating more of a consolidation phase rather than a sell-off.
Purchasers are reinforcing this support level following a substantial decline, and the downward pressure has not intensified.
Provided this zone remains intact, the pathway for a rise appears to be the more favorable option.
$JELLYJELLY – The rebound appears sluggish and burdensome.
Short $JELLYJELLY
Entry: 0.05550–0.05575
SL: 0.06100
TP1: 0.05100 TP2: 0.04800 TP3: 0.04444
The recent rise was short-lived, and selling pressure emerged during the initial test, indicating that this action is more of a correction instead of a change in trend.
The momentum is faltering once more, and buyers are failing to gain traction above this area, which keeps the possibility of further declines active.