CYBER is Primed For an Explosive Bullish Rally💎Paradisers, keep your eyes peeled! CYBER/USDT is currently navigating through a prime demand zone, setting the stage for a potential bullish upswing.
💎Just a few days back, it expertly interacted with a bearish Order Block (OB), established equal lows, and embarked on a descent to address the bullish OB and capture buying liquidity.
💎Should the price sustain its current momentum, it's likely to target the overhead supply zone. Yet, let's not overlook the ever-present market volatility that could influence the price direction.
💎We're bullish on the prospect of the price retesting the supply zone, thanks to the lingering liquidity. Stay tuned for more updates and keep trading smart! 🌴
CYBERUSDT.P trade ideas
CYBER and LONG position ?Another good currency and in an attractive position!
CYBER
In the time frame of 15 minutes, we have a good buy block order that we can wait for the price to reach that area and experience an attractive long position with the confirmation candle.
Note: the downward trend line on the RSI indicator can be a good confirmation for us.
As always, don't forget about capital management and follow the appropriate risk and reward.
Be successful and profitable.
CYBER has formed a short-term bottom and is starting a new upwarBINANCE:CYBERUSDT Short-term bottoming out is over! The latest price is at 4.497! Bulls are about to initiate a strong comeback trend!
In the past 1 day and 2 hours, we've witnessed a roller-coaster market with a whopping 32% amplitude. If you're a short-term trader who can withstand staying up late and has sufficient monitoring energy, there have been two valley patterns emerging since the last reversal from the bottom at 3.705. Buying low and selling high, even spot trading alone could yield decent profits!
What's ahead? Let's sketch a quick scenario. As indicated by the arrows in the chart, there are two potential ways to break resistance. One is a direct breakthrough of the first circle, and the other involves a small rebound followed by a stabilizing pullback before piercing the price of the second circle.
For medium-term holders, waiting for the price to reach 6.26 could offer a good swing profit opportunity if there's a sudden surge in volume. If you're a day trader with ample energy and time, exploring each turning point in the tops and bottoms within 1-hour or 2-hour candlesticks could be a strategy.
Additionally, BINANCE:BTCUSDT has seen slight rebounds in the past few days, but it's not enough to confirm a bullish trend. #Bitcoin still needs to retest its August 17th low point at 25166 to ascertain whether it will break down further or confirm bottoming out amid increased volume, transitioning into an upward trend.