BTC monthly cycle analysis

Aug 2, analysts note BTC entering new monthly cycle amid bearish sentiment. Killa suggests 2%-4% initial rebound likely, with two possible paths: break below $57K or continue range-bound.

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$PROM USDT – Long Setup


📍 Entry: $1.80–1.84

🛑 Stop-Loss: $1.74


🎯 TP1: $1.92

🎯 TP2: $2.02

🎯 TP3: $2.12


Recent long liquidations have cleared weak hands near support, improving the probability of a relief bounce. Price is stabilizing above a key demand zone, and a sustained hold could trigger a move toward the listed resistance levels.


❌ Invalidation: A 4H close below $1.74 cancels the setup.


⚠️ Manage risk carefully and wait for confirmation before entering.


$PROM


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$DEXE /USDT – Long Setup


📍 Entry: $2.43–2.47

🛑 Stop-Loss: $2.35


🎯 TP1: $2.56

🎯 TP2: $2.68

🎯 TP3: $2.82


Short liquidations have strengthened bullish momentum. Price continues to print higher lows while holding above support. A successful retest of the entry zone could offer a favorable risk-to-reward opportunity.


❌ Invalidation: A close below $2.35 invalidates the setup.


⚠️ Follow strict position sizing and risk management.


$DEXE


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$ALLO USDT – Long Setup


📍 Entry: $0.248–0.253

🛑 Stop-Loss: $0.240


🎯 TP1: $0.262

🎯 TP2: $0.272

🎯 TP3: $0.285


Long liquidations have reduced downside pressure near support. Buyers are defending the current range, and a breakout above nearby resistance could extend the recovery.


❌ Invalidation: A close below $0.240 cancels the trade idea.


⚠️ Always wait for confirmation before entering.


$ALLO


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$EUL USDT – Long Setup


📍 Entry: $1.40–1.43

🛑 Stop-Loss: $1.35


🎯 TP1: $1.49

🎯 TP2: $1.56

🎯 TP3: $1.64


Selling pressure appears to be fading after recent long liquidations. Price is holding above support, and improving momentum favors a technical rebound if buyers remain in control.


❌ Invalidation: A decisive close below $1.35 invalidates the setup.


⚠️ Trade with discipline and controlled risk.


$EUL


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$ICNT USDT – Long Setup


📍 Entry: $0.144–0.147

🛑 Stop-Loss: $0.139


🎯 TP1: $0.152

🎯 TP2: $0.158

🎯 TP3: $0.165


Recent long liquidations have flushed weak positions while price continues to hold above a key support zone. A confirmed breakout above local resistance may attract fresh buying interest.


❌ Invalidation: A break below $0.139 cancels the bullish outlook.


⚠️ Never risk more than you can afford to lose.


$ICNT


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$OFC is approaching a critical demand pocket after an 11% decline from its peak.


Trading Plan Long $OFC

Entry: 0.0105 – 0.01052

SL: 0.01046

TP1: 0.01060

TP2: 0.01072

TP3: 0.01095


The asset has dropped from 0.01187 to 0.01052 — an 11% decline. The RSI reading at 16 suggests the asset is oversold. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 4-hour chart shows a steady decline, but the momentum is slowing significantly. This region has historically attracted buyers, and support levels tend to hold until there's a significant shift in market structure. If buyers defend this level, we could see a move toward 0.01060 and then 0.01072. The stop is placed tight at 0.01046, while TP3 at 0.01095 targets a 4% upside from entry.

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$PORTAL USDT – Long Setup


Entry: $0.0115–0.0118

Stop-Loss: $0.0111

Take Profit: 🎯 $0.0123 | 🎯 $0.0128 | 🎯 $0.0134


Recent short liquidations suggest bearish positions were forced out, often creating room for trend continuation after a brief retest. Price is holding above nearby support with improving momentum. A sustained move above the entry zone could attract additional buyers toward the next resistance levels.


Invalidation: A confirmed close below $0.0111 weakens the setup. Manage risk carefully and avoid chasing extended candles.


$PORTAL


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$HEI is sliding into a major support zone after an 11% decline from recent highs.


Trading Plan Long $HEI

Entry: 0.0830 – 0.0831

SL: 0.0827

TP1: 0.0838

TP2: 0.0848

TP3: 0.0865


The asset has fallen from 0.0937 to 0.0831 — an 11% drop. The RSI reading at 15 suggests the asset is oversold. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 1-hour chart shows a steady decline with lower lows, but the momentum is slowing down significantly. This region has historically attracted buyers, and support levels tend to hold until there's a significant shift in market structure. If buyers defend this zone, the next upside targets are 0.0838 and 0.0848. The stop is placed tight at 0.0827, while TP3 at 0.0865 targets a 4% upside from entry.

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$ATOM /USDT – Long Setup


Entry: $1.24–1.27

Stop-Loss: $1.20

Take Profit: 🎯 $1.32 | 🎯 $1.38 | 🎯 $1.45


Long liquidations have cleared leveraged buyers, reducing downside pressure. Price is approaching a key support area where demand has previously appeared. If buyers defend this level, a recovery toward nearby resistance is possible while maintaining favorable risk management.


Invalidation: A daily close below $1.20 cancels the bullish outlook.


$ATOM


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$TAG is entering a key support pocket after an 11% decline from recent highs.


Trading Plan Long $TAG

Entry: 0.001335 – 0.001337

SL: 0.001330

TP1: 0.001345

TP2: 0.001358

TP3: 0.001380


The asset has dropped from 0.00151 to 0.0013359 — an 11% decline. The RSI reading at 14 suggests the asset is oversold. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 4-hour chart shows a steady decline, but the momentum is slowing significantly. This region has historically attracted buyers, and support levels tend to hold until there's a significant shift in market structure. If buyers defend this level, we could see a move toward 0.001345 and then 0.001358. The stop is placed tight at 0.001330, while TP3 at 0.001380 targets a 3% upside from entry.

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