BITCOIN (BTC)
After a significant increase following Bitcoin’s all-time high, Bitcoin is now experiencing rejection from the 1.618 Fibonacci zone around $120,000–$122,000.
The market structure remains bullish with clear higher highs, presenting an opportunity for traders to look for buying positions after the rejection and correction are over.
It is predicted that Bitcoin (BTC) will test its previous all-time high around $112,000 before continuing its upward movement. If the bullish momentum continues and macroeconomic and fundamental conditions remain supportive, Bitcoin could reach $130,000 or higher.
Potential Buy Setup for BTC:
- Entry: $112,000
- Stop Loss [SL]: $106,700
- Target Profit [TP]:
- TP1: $120,000
- TP2: $130,000–$134,000
Important Notes:
Always apply risk management and capital management with discipline. For trades, especially those using leverage, it’s advisable to risk no more than 1% of your total capital per transaction.
INJECTIVE PROTOCOL (INJ)
Injective Protocol (INJ) shows a bullish signal, marked by a successful breakout from the trendline, along with relatively high trading volume in recent days, indicating potential for further price increases.
We can expect a correction in the range of $10–$11.7, with the bullish momentum aiming for target prices of $15 and $20.
Potential Buy Setup for INJ:
- Entry: $11–$11.7
- Stop Loss [SL]: $10
- Target Profit [TP]:
- TP1: $15
- TP2: $20
Important Notes:
Always apply risk management and capital management with discipline. For trades, especially those using leverage, it’s advisable to risk no more than 1% of your total capital per transaction.
HEDERA HASHGRAPH (HBAR)
There are strong indications of a bullish structure for Hedera Hashgraph (HBAR), with the formation of higher lows after breaking the $0.21938 level.
The target for HBAR’s rise is the next daily resistance level, which is around $0.287–$0.29, with the possibility of a correction or formation of a higher low at $0.176–$0.196, which will act as Resistance Become Support and a fair value gap.
Potential Buy Setup for HBAR:
- Entry: $0.19–$0.196
- Stop Loss [SL]: $0.1768
- Target Profit [TP]:
- TP1: $0.24
- TP2: $0.287
Important Notes:
Always apply risk management and capital management with discipline. For trades, especially those using leverage, it’s advisable to risk no more than 1% of your total capital per transaction.