longsonvn

With the current market condition, breakouts mostly failed during the last 1-2 months. We try to find stocks that are holding well during market correction, some kind of pulling back to its meaningful support. On September 5, 2024, META pulled back to its MA-50 after the market's strong down move. We opened a pilot position here, expecting the stock will consolidate around this level and will move up to a new high when the overall market condition will improve.

During the last 10 sessions (August 5 to 16, 2024) MSTR has been attempting multiple time to move up a resistance of $140 without success. Therefore, a decisive move up $141 and closing above it EOD would be a valid buy point. Whether it will happen or not, depends on BTCUSDT , which I also posted a buy point in the related ideas section a few days ago. A buy stop order was placed but still not triggered so far.The buy stop order was triggered and closed with a small loss.

After a rough sell-off last week the market seems to get stabilized. Both BTCUSDT and ETHUSDT are setting up for a new buy point. For BTCUSDT, you can see the idea in the related ideas section. For ETHUSDT, I am expecting it will cross up the resistance $2730 and I placed a buy stop order at this price level.

On August 10, 2024, BTCUSD is trading around $60,650 at the time of my writing, and I think we can use the setup as on the chart for a new buy point when BTCUSDT will cross up $62,800 The chart is in 4h timeframe. I have an additional reason for this buy point on daily chart, as you can see below, this is also the level around the MA-50/200 which are very closed to each other now.Death cross? Maybe. But I think keeping the trading signal simple is more important. After all, we will close the trade if the price will move down these key MA. Therefore I don't think we need to worry much about death cross.

Together with BTCUSDT , on July 15, ETHUSDT closed above its MA-50 for the first time since June 23, 2024. During the last 3 days, it was trading around this moving average and currently still keep holding above it. I started to open a new position with ETHUSD here with a stop loss below the MA-50.

On July 15, BTCUSD closed above its MA-50 for the first time since June 15. During the last 3 days it was trading right around this moving averages and currently is still holding above. Hence I started to open a position here with a stop loss below the MA-50.Trade active: Retested the MA-50 on July 25. So far there is nothing wrong with the price action and we continue to hold on this position.Trade closed: stop reached

At the close of June 16, 2024, AMZN was at a new high entering $2T club. I am opening a new position here with the target price of $230 (20% from the base)After the latest earnings were out on August 2, the stock gap down pre-market to its MA-200 at around $168 and I think this is a good place to add into a position here.

After a 20% run up with the ETF approval on May 20, 2024, ETHUSD started to form a bullish flag and moved out on May 28. The flag is above the rising MA-10. The move out provides a buy point here ($3900) with the $4700 target

After crossing up MA-50 on May 15, 2025 and successfully follow-through, as mentioned in the post that you can see in the related ideas section, BTCUSD is now trading right below the yellow trendline which we can draw from March 14, 2024. A breakout above this trendline would provide an additional buy point (the first buy point was mentioned in the post in the related ideas section)Trade active: Broke out well. Now a pull back is definitely possible but the key to watch is that whether it will go back down below the trendline or not. If it will, I will close my position.Trade active: As of May 26, 2024, BTCUSD have successfully tested the trendline one time and continues to act well. We are still holding our long position.Trade active: As of June 17, 2024, BTCUSD is trading right around MA50 and might go down further, we put the stop loss for our position at 64,500Trade closed: stop reached

On May 15, 2024, BTCUSD moved up and closed above its own MA-50 for the first time since April 13, 2024. It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50. The breakout provides a new buy point here on D timeframe.Trade active: As of May 26, 2024, BTCUSD is still acting well above the trendline and we are still holding our long position.Trade closed: stop reached