Ikhtiar Trading Jurnal

Today I attempted to sell Chainlink with a stop-loss order placed at 22.37563 and a take-profit order at 21.99240. On the M15 timeframe, Chainlink experienced a significant price increase before forming a long candle followed by a sharp decline. This phenomenon reflects massive profit-taking by market participants after the price reached a certain level considered overbought. Since then, the price has gradually weakened and tended to move downward, with occasional technical rebounds from support areas. However, each time the price attempted to rise again, selling pressure intensified, forming a sustained bearish pattern. This indicates that buyers lack sufficient strength to reverse the trend.

Today I attempted to sell Bitcoin with a stop-loss order placed at 110956.32 and a take-profit order at 109727.15. Bitcoin's candlestick pattern on the M15 timeframe shows several candles with long tails at the top, indicating buyers tried to push the price up but were consistently defeated by selling forces. This phenomenon reinforces the signal that the market is currently trending downward. Although there was a small bounce in the support area, the increase hasn't been able to break through the key resistance level, so it can't be considered a trend reversal signal. As long as the price remains below the red moving average, the bearish trend remains dominant.

My open sell position on Bitcoin today hit my stop-loss, resulting in a loss of $65.51. Bitcoin is seen rising today and has successfully surpassed the 200-day moving average (MA200), likely attempting to reach the nearest resistance area.

Today I attempted to sell Riple with a stop-loss at 2.8259 and a take-profit at 2.7955. On the M15 timeframe, Riple's price attempted to approach the moving average line several times, but each time failed to break above it. This indicates that the line is currently a strong barrier to price growth. Each time the price approaches that area, selling pressure increases, pushing the price down again. This indicates that market confidence in the upward trend remains weak, and seller dominance remains quite strong. Despite several small bounces off the support level, the upward movement failed to establish a sustainable bullish trend.

My open sell position on Ripple today hit my stop-loss, resulting in a loss of $14.00. Ripple has now started to move above the 200-day moving average (MA200) on the M15 timeframe, indicating the trend has shifted back to bullish and further upside is likely.

Today I attempted to sell Solana with a stop-loss order placed at 202.04 and a take-profit order at 198.81. On the M15 timeframe, Solana's candlestick movement also indicates strong selling pressure. Several long bearish candles formed after attempted gains, indicating that buyers were not strong enough to maintain momentum. This indicates buyer exhaustion, giving sellers a greater opportunity to control the price direction. Although there were several bounces from support levels, these were weak and unable to break through the resistance above them, making them more appropriately described as retracements in a downtrend.

My open sell position on Solana hit my stop-loss, resulting in a loss of $17.20. Solana is currently moving above the 200-day moving average (MA200), indicating a bullish trend. Solana appears to be testing the supply area, and if it fails to break through, it will likely fall again.

Today I attempted to sell on Uniswap with my stop-loss placed at 9,406 and take-profit at 9,239. On the M15 timeframe, Uniswap's price movement formed a structure of lower highs and lower lows, indicating a consistent downtrend. After reaching its highest peak, the price continued to decline in a zigzag pattern, indicating continued dominant selling pressure. The red moving average line further confirms this, as it is positioned above the price and acts as dynamic resistance. Every time the price approaches this line, sellers regain control and push the price lower. This indicates that large traders are still using the moving average level as an ideal point for selling.

My open sell position on Uniswap hit my stop-loss, resulting in a loss of $0.73. Uniswap briefly dipped on the M15 timeframe, but now appears to be rising again. Judging by the structure, Uniswap is likely to rise today, as it has begun to move above the 200-day moving average (MA200).

Today I attempted to sell EURUSD with a stop-loss order placed at 1.1732 and a take-profit order at 1.1692. On the M15 timeframe, we can see a fairly strong rejection at the previous resistance area, triggering a rapid price decline. This decline even created a long bearish candle, indicating aggressive selling pressure. Now, after reaching a new low, the price is moving sideways with small candles, indicating the market is awaiting further momentum. This condition is usually called an accumulation or distribution phase, depending on which direction the price exits the area. If the price breaks below, the bearish trend will likely continue.

Today I attempted to buy USDX with a stop-loss order placed at 97.51 and a take-profit order at 98.05. The recent increase in USDX on the M15 timeframe indicates buyers are attempting a correction after a prolonged bearish trend. This upward movement finally broke through the moving average line and briefly held above it, although the price is currently moving very close to the moving average area. This situation is often crucial, as it determines whether the price will confirm a bullish trend reversal or simply make a temporary pullback before resuming the downtrend.