Ikhtiar Trading Jurnal

Today I attempted to sell Litecoin with a stop-loss order placed at 85.40 and a take-profit order at 83.86. Before the price dropped sharply to a lower level, Litecoin experienced several rejections from the upper resistance area on the 15-month timeframe. After this significant drop, the price attempted to recover, but the recovery was not very convincing. The price only managed to rise slightly before being held back by the area that previously served as support and then became resistance. This phenomenon demonstrates a classic pattern in technical analysis: support turned resistance, which often signals the continuation of a bearish trend.

My open sell position on Litecoin hit my stop-loss, resulting in a loss of $3.70. Litecoin on the 15-month timeframe today appears to have risen to 85.69, hitting my stop-loss. However, overall, Litecoin remains bearish as it remains below the 200-day moving average (MA200).

Today I attempted to sell Riple with a stop-loss order placed at 2.2052 and a take-profit order at 2.1656. Overall, Riple's price hasn't shown a strong dominant trend on the M15 timeframe, as it's mostly fluctuating around the red moving average line. The moving average itself appears to be flat or has only a slight slope, indicating a neutral medium-term trend. Under these conditions, the market is often more difficult to predict, and movements are often volatile, requiring extra attention in positioning and risk management.

My open sell position on Riple hit my stop-loss, resulting in a loss of $11.05. Riple is currently moving back above the 200-day moving average (MA200) on the 15-month timeframe, indicating the short-term bullish trend. If Riple manages to break through the resistance area at 2.2742 today, it's likely to rise even further.

Today I attempted to sell Solana with a stop-loss order placed at 139.22 and a take-profit order at 136.49. On the M15 timeframe, Solana's market conditions appear to have experienced a significant shift in momentum over the past few sessions. Price movement initially appeared sideways, followed by a sharp decline that broke through the previous support area. The following analysis will be structured and in-depth, with an emphasis on trend direction, price reaction to moving averages, and potential scenarios for traders to consider.

My open sell position on Solana hit the take profit, resulting in a $7.05 profit. Looking at Solana's price structure on the 15-month timeframe, the trend remains bearish. This is evident from Solana's movement below the 200-day moving average (MA200) and its tendency to form new lower lows. Therefore, we can look for selling opportunities on Solana today.

Today I attempted to sell Uniswap with a stop-loss at 6,233 and a take-profit at 6,094. On the M15 timeframe, Uniswap's price moved below the moving average and repeatedly failed to break above it. This is a clear sign that the moving average (MA) acts as quite strong dynamic resistance. Several bullish attempts were seen when the price rose close to or slightly exceeded the MA, but each time a bearish candle appeared, pushing the price back down. This pattern indicates that despite some buying interest, selling pressure remains more consistent and prevents the price from forming a more stable uptrend.

My open sell position on Uniswap hit the take profit level, resulting in a profit of $0.34. Uniswap is currently touching the supply area on the 15-month timeframe, which represents a fresh supply area. If this supply area is not breached, Uniswap will likely continue to fall and attempt to break through the support area at 5,975.

Today I attempted to sell GBPUSD with a stop-loss order at 1.3224 and a take-profit order at 1.3199. GBPUSD on the M15 chart. After reaching the peak, the market immediately responded with a series of long bearish candlesticks, indicating strong selling pressure. The decline was gradual and consistent, so it can be interpreted as a distribution move by previous buyers or an aggressive profit-taking reaction. At this stage, the price fell again below the 200-day moving average (MA), indicating the temporary bullish trend is starting to lose its reliability.

Today I attempted to sell GBPUSD with a stop-loss order at 1.3224 and a take-profit order at 1.3199. GBPUSD on the M15 chart. After reaching the peak, the market immediately responded with a series of long bearish candlesticks, indicating strong selling pressure. The decline was gradual and consistent, so it can be interpreted as a distribution move by previous buyers or an aggressive profit-taking reaction. At this stage, the price fell again below the 200-day moving average (MA), indicating the temporary bullish trend is starting to lose its reliability.

My open sell position on GBPUSD hit my stop-loss, resulting in a loss of $1.50. On the M15 timeframe, GBPUSD briefly rose and formed new resistance. However, afterward, it appeared to fall rapidly and re-penetrate the 200-day moving average (MA200), indicating the current bearish trend.

Today I attempted to buy EURUSD with a stop-loss at 1.1631 and a take-profit at 1.1680. EURUSD is showing a fairly strong bullish trend on the 15-month timeframe. This is evident from the upward price slope over the last few sessions, where the market structure displays a consistent series of higher highs and higher lows. The trend direction becomes clearer as the price moves steadily upward away from the previous consolidation area, supported by price action indicating buyer dominance. Any retracements that occur appear to be quickly rejected by buyers, indicating that buying pressure remains dominant and market interest in long positions remains high.

Today I attempted to sell the USDX with my stop-loss placed at 99.15 and take-profit at 98.86. The USDX on the 15-month timeframe has shown a dominant downtrend over the past few sessions. The price movement appears to be consistently forming a series of lower highs and lower lows, a fundamental characteristic of a healthy bearish trend. The price decline was gradual but steady, and showed no strong buying pressure to halt the decline. Furthermore, the candlesticks formed in the final phase of the movement demonstrate seller dominance, marked by longer bearish bodies compared to the relatively small and quickly rejected bullish candles.