petermichalides

SHIB/USDT is currently trading around $0.00001363, marking an approximately 11.5% drop over the past 24 hours. However, it's crucial to note that the price is successfully holding above the key support level of $0.00001373. Recently, we've witnessed a significant increase in the activity of so-called "large holders" or "whales" concerning SHIB/USDT. Their netflow has reached a two-month high, signaling heightened interest. In the past 24 hours, addresses holding at least 0.1% of the total SHIB supply accumulated an impressive 4.66 trillion SHIB, representing an investment of a staggering $63.7 million. These major players clearly believe in the potential for a price recovery. What's Next? Scenarios for SHIB/USDT Bullish Scenario (Uptrend): Should SHIB/USDT successfully bounce off the support level at $0.00001317, it would likely pave the way for further price appreciation. It could potentially reach $0.00001423. If this level solidifies as new support, it would mark a full recovery of today's losses and could initiate a new uptrend, provided that broader market conditions remain favorable. The investment by the whales would be crucial in this scenario. Bearish Scenario (Downtrend): However, if SHIB/USDT fails to hold above the support of $0.00001317 and falls below this level (likely due to profit-taking by other market participants), the popular "meme coin" could slip to $0.00001188. Such a development would invalidate the bullish thesis and further reduce investor confidence. The next few days will be critical for SHIB to demonstrate whether it can maintain its current support levels. #forex #SHIB #USDT #SwingTrade

DOGE has broken out of local consolidation with momentum and is now retesting the breakout zone, offering a clean long entry with defined invalidation.Setup Thesis:After a strong impulse move, price pulled back with low aggression, signaling profit-taking rather than reversal. The current candle structure suggests demand is stepping in at prior resistance-turned-support. This is a textbook breakout-retest continuation setup.Trade Plan:Entry: ~$0.1810Stop Loss: Below ~$0.1764 (beneath breakout zone and structure)Target: ~$0.1940R/R: Favorable risk profile with strong reward potentialConfirmation Factors:Impulsive breakoutControlled pullback with no aggressive sellingRetest occurring at structural pivotStill aligned with broader uptrend contextExecution Note:This setup works best with strong follow-through in the next couple of candles. If price stalls or closes below the stop zone, it's invalidated.

AVAX has formed a clean double-bottom pattern on the weekly chart, signalling potential reversal after an extended downtrend. Price is now holding above support and showing signs of early bullish structure, with a higher low forming and compression tightening.Setup Thesis:A breakout from this base structure could trigger a mid-term rally toward the $29–30 zone, which aligns with prior structure resistance. This setup targets continuation if buyers defend the current level and break the neckline convincingly.Trade Plan:Entry: Around $18.00–18.20Stop Loss: Below $14.90 (beneath the recent low)Target: $29.00–30.00Structure: Double-bottom with early signs of trend reversalTimeframe: Mid- to long-term swing (weekly confirmation needed)Key Notes:This is a higher-timeframe setup. Patience is key — let the candle close strong and look for follow-through. A break and hold above $21 would further validate the bullish shift.Clean structure, defined invalidation, asymmetric reward.

This is my second Setup I am currently in - apart from going to 6h orderblock we will hold the LTF range and continue higher breaking new highs and starting price discovery.Combined this with Bullish News could bring amazing BTC Run, followed by Altcoin Season in Mid August/September. If you look into Bitcoin Balance and the way this token is being bought and accumulated by institutions.The way you know Bull Run is about to start is because no Grandmas and Taxi Drivers are talking about it.I would not believe it myself but here we are.The way I do this I keep my position running from lows (bought at 107 400) and I am buying LTF ranges for extra 30-40% of existing position and then closing around the same amount on highs of LTF like 15M-30M. looking for longs, my SL is set for break even.Good luck.This is my other idea w 6h OB with imbalance

We have an bullish OB with imbalance on Daily, 6 HOUR REFIMNET with some stoplosses underneath 107 200. If we do not hold local LTF -15M- 1H range I would be favoring this setup. Otherwise I am already in position and already took two TPs.Setup Thesis:If price tags the demand zone (highlighted in pink) and holds, we could see a continuation toward recent highs. The setup favors a reactive long entry from this zone, as long as buyers defend the area with conviction.Key Factors:Demand zone: High probability support areaClean structure: HL-HH continuation in playMarket strength remains intact above this zonePlan:Wait for reaction at demandLong on confirmation (rejection candle, reclaim, or strong 4H close)Invalidation below the zone lowsThis is my LTF idea and strategy, which is way less probable and MEME oriented but still:tradingview.com/chart/E1ellvIU/?symbol=FOREXCOM:EURCAD

Executed an ETH short from the earlier setup — took 75% profit at TP1, then let the rest run.Price pulled back into the secondary zone, added to the position with structure confirmation.Let it roll into the next leg — clean execution, solid momentum follow-through.+113.84% on the full move, managed with scale-out and conviction on the retest.Patience paid. System did the work.

Market Context:Bitcoin has reclaimed significant ground after a corrective phase and is now approaching prior highs. The current move suggests strength and potential continuation — but with overhead resistance near 111,866, a retracement or consolidation before continuation is likely.Setup Idea:The chart illustrates a bullish continuation scenario: price may push slightly higher into resistance, then retrace into a more favorable entry zone before targeting new highs. The Fibonacci retracement levels between 100,500 and 102,470 align with a high-probability demand zone for a dip buy.Trade Plan:Entry Zone: Await retracement into the 0.5–0.618 fib zone (102,400–100,500)Stop Loss: Below 99,900 (beneath 0.65 fib and invalidation structure)Target: 119,900 (clean extension above prior high)Risk/Reward: Favorable multi-R setup based on macro continuationNotes:The setup anticipates a pullback before the next impulse. If BTC breaks through 111,900 with momentum and no retrace, the trade idea would shift to chasing on strength or waiting for consolidation above.Momentum indicators on VMC show bullish pressure building, but overbought conditions suggest temporary cooling may occur.Let the retrace come to you — and position accordingly on confirmation.

Market Context:Solana has pulled back into a key short-term demand zone after a sharp rejection from recent highs. Price action is now showing signs of local exhaustion, with confluence from lower timeframe support and bullish structure attempting to form. The setup anticipates a bounce targeting the mid-Fibonacci zone.Setup Idea:Price tapped into a local support shelf around 148.80, where previous demand initiated the last impulsive leg up. With momentum indicators stretched and RSI divergence building, this offers a high-probability scalp opportunity.Targeting the 0.5–0.618 Fibonacci retracement zone as first resistance, with confirmation needed for further continuation.Trade Plan:Entry: Around 148.80–149.00Stop Loss: Below 148.30 (beneath local swing low and structure break)Target: 154.50–155.90 (Fibonacci 0.5 to 0.618 zone)Risk/Reward: Approx. 2.5RNotes:This is a reactive setup — price must hold the current level or print a higher low. If sellers regain control below 148.30, the trade is invalidated. Watch closely for volume shift and 1H candle confirmation before adding size.Mid-Fibonacci level (154.57) is a logical area to de-risk or take partial profits.MY Sl got hit, but I will still try to re-enter.

Market Context:Bitcoin is currently in a retracement phase after rejecting from the local high near 111,900. Despite the short-term pullback, the broader structure remains bullish. This setup is based on a retracement into a key support zone, offering a potential entry for the next leg up.Setup Idea:Price is pulling back into a confluence area that includes:The 0.5 Fibonacci retracement at 105,454Previous structure supportA retest of the broken diagonal trendlineThis zone is expected to act as demand, providing a favorable long entry opportunity.Trade Plan:Entry zone: Around 105,400Stop loss: Below 104,100 (beneath structure and fib zone)Target: Retest of the previous high near 111,890Risk/Reward: High R potential with clearly defined invalidationNotes:If price breaks below 105,000 and fails to show buying strength, the setup becomes weaker. A decisive break below 103,900 invalidates the trade idea. Wait for bullish confirmation (e.g. higher low or volume reaction) in the entry zone before committing.This is a clean, structured opportunity aligned with the prevailing trend. Patience and confirmation are key.

Context:Price just rejected off local range high near $148 — a key resistance that has held several times historically. We’re seeing initial signs of weakness after a strong rally, with price failing to hold above resistance and beginning to break minor structure.Setup Details:Entry: ~$146.20Stop Loss: ~$148.35 (above recent high)Target: ~$141.00 (range low + demand pocket)Risk/Reward: ~2.38RTrade Idea:This is a classic range play — short from top of the range, targeting the base. Momentum is fading near resistance and we have a clean invalidation just above. Price structure suggests lower highs are forming, and any further weakness should push us back into the mid-to-lower part of the range.