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Forex Contests / Re: Forex Zone Daily Contest
« Last post by Ikhtiar on August 30, 2025, 10:55:41 PM »
Congratulations to Cryptzedd for winning the daily contest for August 29, 2025!
I congratulate Cryptzedd, as the winner of the daily contest of August 29, 2025
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:49:38 PM »
Today I attempted to sell Dogecoin with a stop-loss at 0.21706 and a take-profit at 0.21310. On the M15 timeframe, Dogecoin appears to be holding the support area around 0.21300. This level appears quite important as the price has bounced off it several times, indicating some buying interest, though not particularly strong. Meanwhile, the nearest resistance is around 0.21700, as indicated by the position of the moving average (MA) line and the previous price reaction. If the price breaks above this resistance with strong volume, a longer upward correction is likely.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:45:29 PM »
Today I attempted to sell Chainlink with a stop-loss at 23.83718 and a take-profit at 22.91762. On the M15 timeframe, Chainlink's key support is seen around 22,770, marked by the lower horizontal line. This level serves as the lower limit of the current price movement and has been tested several times, though it has not been definitively broken through. If this support level is broken by a bearish candle with strong volume, there is potential for the price to continue declining further towards the next support area.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:42:55 PM »
Today I attempted to sell on Uniswap with a stop-loss at 9,771 and a take-profit at 9,561. On the M15 timeframe, Uniswap shows that after a significant decline, the price then moves in a consolidation pattern, tending to form lower highs and lower lows. This pattern indicates that buyers don't yet have enough strength to reverse the trend. Each time the price rises, a candlestick with a long upper tail appears, indicating strong selling pressure from market participants. This phenomenon further reinforces the view that sellers remain dominant in the short term.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:40:32 PM »
Today I attempted to sell Filecoin with a stop-loss at 2,310 and a take-profit at 2,237. Filecoin on the M15 timeframe. Judging by the price action, the price had previously experienced a sharp decline, then entered a consolidation phase within a certain range. This consolidation indicates a tug-of-war between buyers and sellers. Although the price occasionally attempted an upward retracement, each time it approached the moving average or minor resistance area, new selling pressure always emerged, holding back the advance.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:37:56 PM »
Today I attempted to sell Solana with a stop-loss at 203.85 and a take-profit at 198.52. On the M15 timeframe, the candlestick patterns formed by Solana also provide important signals regarding market strength. Many candlesticks have fairly long upper tails, indicating strong resistance when the price attempts to rise. This phenomenon indicates that the market is more likely to respond to rising prices with selling, further strengthening the bearish trend.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:35:26 PM »
Today I attempted to sell Cardano with a stop-loss at 0.82588 and a take-profit at 0.80902. On the M15 timeframe, Cardano's candlesticks show numerous candles with fairly long upper tails. These upper shadows indicate strong selling pressure every time the price attempts to rise. This indicates that selling interest outweighs buying interest at that level. Meanwhile, below, a support level is visible, which has been tested several times but has so far managed to hold back the decline.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:32:45 PM »
Today I attempted to sell Riple with a stop-loss at 2.8426 and a take-profit at 2.7760. Riple on the M15 timeframe. From a price action perspective, there are no visible trend reversal patterns such as a double bottom, bullish engulfing, or inverse head and shoulders. Instead, the price structure that formed favors a continuation trend. This aligns with the principle of technical analysis, which states that an established trend will tend to continue until there is a strong signal indicating a change in direction. Therefore, a more logical trading opportunity is to follow the trend direction by looking for sell opportunities.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:30:09 PM »
Today I attempted to sell Ethereum with a stop-loss at 4402.02 and a take-profit at 4307.36. On the M15 timeframe, the structure formed by Ethereum tends toward a continuation pattern. There are no strong signs of a reversal pattern like a double bottom or inverse head and shoulders. Instead, the emerging pattern suggests a consolidation phase before resuming the main trend, which is bearish. This condition aligns with the basic principle of technical analysis that established trends tend to continue unless there is a strong signal indicating a change in direction.
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Trading Journal / Re: Ikhtiar Trading Jurnal
« Last post by Ikhtiar on August 30, 2025, 10:27:27 PM »
Today I attempted to sell Litecoin with a stop-loss at 110.88 and a take-profit at 109.17. On the M15 timeframe, the candlesticks formed during the consolidation phase also exhibited numerous tails or shadows, especially at the top of the candles. These long upper shadows indicate price rejection during attempts to rise, thus reinforcing the suspicion that the resistance area is indeed a difficult barrier to overcome.
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