Another day, another Trump new tariff plan. The market was tired and did not respond positively to the news. US President Donald Trump signed an executive order that reimposed “mutual tariffs” of 10% to 41% of imports from 69 countries, and signed a higher mission on certain Canadian goods over drug mitigation concerns. Canada’s tariffs will take effect on August 1st, while others will continue on August 7th. Overall, the market is still going well, with key Altcoins retesting key support levels. It may be interesting to identify what the next cipher that explodes when the dust settles down.

Customs news was just as hit as global risk assets fell. The crypto long positions of over $570 million were liquidated in 24 hours, with Ethereum and Bitcoin taking the biggest hit. Fear of higher inflation and tougher trade flows has encouraged widespread divestitures. Still, veteran investors are looking past the headlines and scanning on-chain data for signs of rebound.

Explore: Top 20 Cryptography to Buy in 2025

The next cipher that explodes? When XRP retests support, whales accumulate ETH

While spot prices were slipping, the whale wallet quietly scooped up more ether. Last week, 12 new large holders added about 790,000 ETH (approximately $2.9 billion) to their balance. Only two of these fresh wallets purchased 68,300 ETH ($252 million) just eight hours ago. This steady accumulation suggests that large players see value by retaining ETH through short-term turbulence.

Whales continue to accumulate $ eth!

Two fresh wallets accumulated an additional 68,297 $ eth($252M) 8 hours ago.

A total of 12 fresh wallets have accumulated 790,449 since July 9th $ eth($292 million). pic.twitter.com/hcnijtn9xz

– lookonchain (@lookonchain) August 1, 2025

At the same time, we are retesting the key support zone, with XRP prices around $2.95. After peaking nearly $3.66, the XRP was pulled back to this horizontal level, which was first tested in March and May. If the buyer defends $2.95, the XRP can return to over $3.20. But the lower break could lower the price to the next floor, close to $2.65.

Between a tariff-driven dump and an aggressive ETH purchase, the trader is split and its assets are set to explode in the next. Bulls refers to whale activity and XRP support bouncing as a fast rebound recipe. Skeptic traders warn that macro uncertainty and continuous liquidation could put pressure on prices.

For now, pay attention to the chain flow and chart level. If ETH buildup continues and XRP is above $2.95, these could be components that stimulate the next cryptography that explodes when the market finds a foothold.

Bankrcoin (BNKR) Crypto Hit 100m Marketcap: How did it happen?

by Fatima

Bankrcoin (BNKR) Crypto has doubled in market capitalization since its first coverage. After completing the Coinbase list, the tokens have skyrocketed above 100%, currently exceeding 10100m.

With Coinbase support and full Baseapp integration, BNKR has gained a 14% market share. According to Cookiedao, it leads coins such as Fartcoin, Rekt, Virtuals, Openledger and Monad. How did this happen?

Read the entire article here

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

Despite the similarity of Bitcoin’s prices to several new, ever-high bull markets, Ethereum prices continue to clash with great resistance in a campaign for new highs. The latest is pushing back resistance at $3,800. This is perfectly in line with the four-year resistance line, which keeps Altcoin from hitting its new all-time highs. But this could be a breakout chart as Ethereum prepares for another retest.

Ethereum is on the verge of breakout

Crypto analyst MMCRYPTO highlighted the potential breakout for Ethereum Price Chart after AltCoin returned to the four-year resistance trend line. This trendline began in 2021 when Ethereum prices always hit a high of $4,800. Since then, it has become a resistant trend line to bring together new highs at ETH prices.

Related readings

Over the past four years, this resistance trend line has been held firmly, lowering the price of Ethereum from the $4,000 level. This has hampered the rally to $4,800, further distant from the expected $5,000 target push. But now there may be another opportunity for Ethereum to turn the tide and completely break this resistance.

Currently, ETH prices are still below $4,000, suggesting that the bears still hold the resistance line. This price trading below resistance has led to Mmcrypto noting that ETH has suffered a decline in performance for four years. With this in mind, many investors have either lost money or haven’t seen profits from their investments.

The main target today is the breakdown of resistance. Crypto analysts explain that when this happens, Ethereum prices can be seen here as a monumental pump. He explains that the pump will be promoted by investors who have not yet realized the benefits of ETH holdings over the past four years.

Related readings

In the hopes of breaking the resistance trend line, analysts urge investors to be patient. He points out that once the pump starts, a patient person will become the one who will benefit from this ETH price action.

Plus, it’s not just the only Altcoin that benefits from the pump. Previous Altcoin season has been driven by Ethereum price movements, and if ETH can hit an all-time high, the Altcoin market is expected to follow. “If an Ethereum pump occurs, it will have a wide impact on the entire crypto space and take many altcoins! Get ready and prepare,” the analyst said at the end.

Featured Images of Dall.E, Charts on tradingView.com

XRP Bulls Eye Return To ATH After $3 Retest

In an X post on July 25, CasiTrades shows that XRP is on the brink of a major price surge based on the indications of the Elliot Wave Theory – a technical framework that proposes that price movements occur in five repetitive waves.

Amidst the price decline in the last week, XRP failed to hold above the critical $3.21 price level, forcing a retrace to retest the major $3.00 support zone, resulting in a slight price bounce. Despite this bearish event, the analyst notes encouragingly that the altcoin did not form a new price low, suggesting the larger bullish structure remains intact.

Related Reading: XRP To $10? Basketball Legend’s Poll Puts Crypto On Center Court

CasiTrades explains that XRP’s latest retracement reached a deep 0.854 Fibonacci level, a classic reversal zone for second waves in a bullish five-wave structure. This deep pullback, combined with the strong bounce off $3.00, signifies the potential bottom of Wave 2. If bulls can hold the price above this support, this sets the stage for the beginning of Wave 3, the strongest and most explosive leg in the Elliott Wave Theory.

For context, the Elliot wave theory begins with an initial price rise, i.e, Wave 1, followed by Wave 2, a pullback that doesn’t breach the starting point. Wave 3 is usually the strongest and longest, driven by increased participation and bullish momentum. Meanwhile, Wave 4 brings another correction, often less severe than Wave 2, before Wave 5 pushes prices to a final high.

For Wave 3 to commence in the present market, CasiTrades states the next price target lies at the $3.21 region, which represents a crucial resistance. If XRP produces a sustained breakout above this price barrier, it validates the proposed bullish scenario.

In this case, the analyst identifies an immediate price target of $3.82, which aligns with the 2.618 Fibonacci extension of the prior move. Interestingly, this price zone also represents XRP’s all-time high on certain markets. This confluence strengthens confidence in the bullish scenario,  especially considering that if the Elliott Wave structure plays out fully, a Wave 5 rally could propel the altcoin into uncharted price territory.

XRP Price Overview

At the time of writing, XRP is valued at $3.20 following a price rebound of 5.52% in the past 24 hours.

This is a daily technical analysis by Coindesk analyst and chartered market engineer Omkar Godbole.

There is an old saying, “One is a chance, two is a coincidence, and the third is a trend.”

Applies to Bitcoin

Right now. Cryptocurrency prices have returned to the 50-day Simple Moving Average (SMA) and provided support twice this month, bouncing the price.

Thus, the latest retest of the average shows the opportunity for the Bulls to establish a trend for 50 days of SMA to make new legs higher. Conversely, a 50-day drop in SMA support could lead to stronger sales pressure, potentially below $100,000.

At the time of press, the bear case appears to be strong due to signs of cow fatigue, as is evident from the recent shallow bounce from the SMA for 50 days. The first test averaged June 5th bounces ranging from around $100,500 to over $10,000. However, in the second test of the SMA on June 17th, prices only went from $103,000 to $109,000.

Last week’s Doji Candle also suggests fatigue for bulls that exceed $100,000.

Restoring the immediate bullish outlook requires a massive amount of movement over $110,000.

Did XRP head to Doge Way?

Payment-centric cryptocurrency XRP

It is traded at the bottom of Ikkyoun, a momentum indicator based on several moving average variants developed by Japanese journalists in the 1960s.

The crossover above and below the clouds is said to represent a bullish, bearish change in momentum.

As a dogecoin, when the asset price passes under the cloud

Earlier this month, it usually shows a bearish trend. Traders often interpret this as a signal to consider selling or shorting an asset.

XRP’s 50-day SMA is already below the 200-day SMA, confirming bearish indicators, which are what we call death crosses. Therefore, potential movement under one cloud can be costly for the bear, potentially opening doors for slides that are less than $2.

On the chart, support is $1.60, and you can see it directly at the early April lows. Coins like Doge, Ada and Link have recently fallen under their respective one-sided clouds, resulting in price losses.

Dogecoin has entered a critical phase as it consolidates below the $0.26 resistance level, facing rising pressure after a sharp rejection last week. Since tagging a local high on May 10th, DOGE has dropped over 18%, retracing some of the gains from its impressive rally that began in early April. Bulls had built strong momentum following the breakout above $0.13, which marked a 100% price surge within a month. However, recent price action suggests the move may be stalling.

Related Reading

The market now watches closely to see if Dogecoin can defend current levels or if further downside is on the horizon. According to top analyst Ali Martinez, the latest rejection has opened the door for a possible revisit to the $0.213 level — a key zone that previously served as both resistance and support. This level may now act as a magnet for price if bullish control continues to fade.

While sentiment remains cautiously optimistic, the next move will depend on whether bulls can reclaim momentum or if DOGE breaks below its local range. The coming days could define the trajectory of Dogecoin’s midterm trend, with volatility likely to pick up.

Speculation Rises But DOGE Faces Crucial Test

During the recent correction that sent shockwaves across the crypto market, meme coins like Dogecoin were among the most heavily affected assets. As Bitcoin and major altcoins faced steep retracements, DOGE experienced an aggressive pullback, shedding over 18% since May 10th and erasing a significant portion of its earlier gains. This correction disrupted the bullish structure that had formed after DOGE surged over 100% from early April, following a breakout above the $0.13 mark.

Despite the drop, speculation continues to mount around Dogecoin’s potential to lead if the market regains momentum. Historically, DOGE has acted as a high-beta asset, often outperforming in euphoric phases of the cycle. With the broader market attempting to stabilize, some analysts view DOGE as a likely beneficiary if sentiment shifts bullish once again.

Still, risks remain. Price is now hovering just above key support levels, and a failure to hold this zone could trigger a deeper retracement. Martinez shared a technical view suggesting that if current levels fail to hold, Dogecoin may want to revisit the $0.213 level — a critical area that previously acted as a launchpad during the April breakout.

The coming sessions are likely to be decisive. The meme coin narrative could regain strength if bulls reclaim control and push DOGE back toward the $0.26 resistance. However, if bearish momentum builds and DOGE breaks lower, it would signal a continuation of the current downtrend. For now, all eyes remain on this pivotal support zone as Dogecoin navigates a high-stakes moment within the broader market’s uncertain conditions.

Related Reading

Technical Details: Dogecoin Facing Crucial Demand

Dogecoin (DOGE) is showing signs of weakness after failing to hold above key resistance near $0.26 earlier this month. The daily chart indicates that DOGE is currently trading at $0.221, consolidating just above the 200-day EMA ($0.219) and below the 200-day SMA ($0.269). This range has acted as a battleground between bulls and bears, with the recent candles forming tight-bodied structures, signaling indecision.

Volume has declined notably since the early May breakout, suggesting a loss of momentum and trader interest. If DOGE loses the $0.219–$0.220 support zone, the next logical support level sits near $0.213, aligning with analyst concerns of a potential retest of that level. A breakdown below this area could trigger further downside pressure toward the $0.19 zone.

Related Reading

On the upside, reclaiming the 200-day SMA at $0.269 would be a significant bullish signal, as it would place DOGE back above long-term resistance. However, the current trend favors a cautious stance, especially amid broader market uncertainty and weakened sentiment across altcoins. Overall, the chart reflects a pause in bullish momentum and rising risk of a deeper retrace unless DOGE regains strength above key moving averages. The next few days could determine whether consolidation holds or turns into a full correction.

Featured image from Dall-E, chart from TradingView

After days of intense buying pressure and strong bullish momentum, Ethereum finally suspends the rally and finds a $2,740 resistance. The move comes after ETH easily cleared key resistance levels at $2,000 and $2,200, marking one of the most powerful short-term performances in a few months. As excitement builds across the broader crypto market, Ethereum’s next move could define the strength and sustainability of this breakout.

Related readings

With prices stalling, analysts believe there is likely and perhaps even necessary for a consolidation before the next leg rises. Top analyst Dern shared a technical view that suggests that the $2,400 level will be extremely important in the coming days. He believes it makes sense to retest that local support.

However, Daan also points out a warning signal. It is a very high level of open interest throughout the ETH derivatives market. He is currently avoiding long positions until some of that leverage is flashed out, reducing the risk of a sharper pullback. For now, Ethereum bulls need to keep up at $2,400 or more to check their strength and keep the uptrend intact, while traders are waiting for clean conditions for potential re-entry.

Ethereum’s surge faces a critical retest of around $2.4,000

Ethereum has skyrocketed over 50% since last week, regaining momentum after months of intense sales pressure. ETH is showing sustained strength for the first time since late December, promoting optimism that the broader Altcoin market could become next. Many analysts are looking for AltSeason, and Ethereum’s breakout is seen as a potential catalyst for larger movements across Altcoins, which have been performing badly in recent years.

However, after such a sharp movement, periods of integration and revision are not uncommon, and even healthy. According to Daan, the $2,400 level will be an important support zone to watch. He believes it makes sense for prices to test this area before continuing further. Dern is currently not interested in entering a long position until some of the billions of open interest are washed away from the system. How Ethereum responds can be about 2.4kk set the tone for the next phase.

When ETH swepts $2.4k and bounces straight away, Daan expects the local range to form between $2.4k and $2.7k. However, if the price is decisively lost that level, the next major support will be at $2.1k. Slow spills into that zone can indicate debilitating, but a simple flash can provide short-lived purchase opportunities.

Despite the short-term risks, Daan says that even a pullback to $2.1k will keep ETH at around 20% from the previous week. In his view, the larger trading range today is between $2.1k and $2.8k. This is the zone where Ethereum can define the next major trend if the Bulls can hold key levels and regain momentum. For now, Larry is alive, but the next test is important.

Related readings

Price integration occurs amid optimism

Ethereum (ETH) is currently trading at around $2,565 and is receiving a sharp pullback of nearly $2,740 from the recent local high. After a strong rally above both the 200-day Exponential Moving Average (EMA) and the Simple Moving Average (SMA), the price is consolidated at $2,702.93 just below the 200-day SMA. This level has served as resistance in the last few sessions, thwarting Ethereum’s attempts to continue its upward momentum.

Volume has dropped slightly, reflecting the market’s indecisiveness after last week’s breakout. If the Bulls can bring their 200-day EMA closer to $2,437 and maintain a higher low above $2,500, the structure will remain bullish. However, failing to hold these levels could lead to deeper pullbacks at $2,400 and $2,200 as potential support.

Recent price action suggests that Ethereum forms a short-term range between $2,400 and $2,700, and could last until a clear breakout that surpasses the 200-day SMA. Over $2,500 is important to maintain bullish momentum, especially as the Altcoin market eye becomes more profitable.

Related readings

If ETH can push more than $2,700 with a strong volume, check for updated strength and pave the way to a resistance zone of between $3,000 and $3,100. Until then, integration and attention dominate the short-term outlook.

Dall-E special images, TradingView chart

Injective (INJ) could be preparing for another retest of the $10 resistance as its price attempts to confirm a key support level. Some analysts suggest that the cryptocurrency could be preparing for a breakout and a massive bullish reversal.

Related Reading

Injective Eyes $10 Retest

Over the past month, Injective has surged around 43% from its 18-month low registered on April 7. During last month’s recovery, the cryptocurrency pumped from the $6.34 low to the $10 barrier, hitting a six-week high of $10.63 before retracing.

INJ has been in a downtrend since hitting its Q4 high of $35.26, retracing nearly 75% in the last six months. Analyst Crypto Rand noted that the token has attempted to break out of the downtrend but has faced strong resistance around the $9.5-$10 range.

Following its recent jump, Injective got rejected from this range, with some market watchers suggesting that it could retest the $9-$9.20 levels as support before the next breakout attempt.

Amid the weekend retrace, INJ’s price has touched these levels, trading between the $9.00-$9.40 and briefly falling to $8.90 before bouncing. After the 4.8% drop, the cryptocurrency is attempting to confirm this level as support, which could help Injective gain strength for another push above the key zone and toward the $11-$12 resistance.

Crypto Rand noted that a breakout of the “$10 range would trigger the bullish reversal,” which could also propel the token toward the $14 barrier, lost in early March. Notably, this level has been a key horizontal level since the November post-election pump, serving as a crucial support and resistance.

INJ Ready For A Breakout?

Meanwhile, analyst Sjuul from AltCryptoGems highlighted a massive, inverse Head and Shoulders pattern on INJ’s chart, noting that investors should pay attention as “this is one of the strongest reversal patterns.” This formation is a bullish reversal chart that suggests a potential shift from a downtrend to an uptrend.

According to the chart, the cryptocurrency has formed this setup over the past two months, with the neckline sitting around the $10.30 resistance level. A breakout from the neckline could trigger a significant surge toward the $14 mark.

Analyst Lennaert affirmed that INJ “feels like an absolute steal” at its current range, as he considers that the cryptocurrency is likely not going lower than the 2023 key support at around $5.5.

The analyst suggested that if momentum flips to altcoins, INJ’s price “will be back at the highs in no time,” adding that it has “one of the strongest fundamentals of all projects out there.”

Related Reading

Notably, the project announced that “For the first time ever, all of the Magnificent 7 stocks are live on-chain via Injective” to “redefine Wall Street and finance forever.”

According to the May 6 statement, Apple’s APPL, Microsoft’s MSFT, Amazon’s AMZN, Nvidia’s NVDA, Meta’s META, Google’s GOOGL, and Tesla’s TSLA are now “fully tradable 24/7 through Injective’s iAsset framework and the decentralized exchange Helix.

As of this writing, INJ trades at $9.25, a 27.2% increase in the monthly timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a trend reversal, hinting at a significant shift from bearish to bullish momentum. 

Analyst Flags Daily Trend Reversal On Dogecoin Chart

A prominent crypto analyst known as Trader Tardigrade has highlighted a confirmed trend reversal for Dogecoin. In a post on X (formerly Twitter) this week, he pointed out that DOGE’s daily chart has flipped from a downtrend to an uptrend. This claim is reinforced by a technical analysis of Dogecoin’s price action. 

Related Reading

Dogecoin’s price recently broke above a descending trendline that had defined its downtrend for several weeks. This breakout occurred on April 22, when Dogecoin closed above $0.165 on the daily candlestick timeframe. This breakout was the first step indicating the coin was escaping its bearish trajectory. 

Shortly after breaching the downward sloping resistance line, Dogecoin’s price pulled back between April 23 and April 24 to retest the same trendline, but this time from above. Importantly, the former resistance trendline held strong as a new support level during the retest. Following that successful test, Dogecoin resumed its upward climb, marking the continuation of the new uptrend. 

This pattern of breakout, retest, continuation is a classic technical confirmation of a trend reversal. The successful retest of this trendline gives more confidence that the bullish shift is real and not a false signal.

Image From X: Trader Tardigrade

Bullish Target: $0.25 By Early May

With the daily trend now pointing upward, the focus is now on how far this new uptrend could carry Dogecoin. According to Trader Tardigrade’s analysis, Dogecoin could continue climbing in the coming days, potentially crossing the quarter-dollar mark very soon. As indicated on the chart he shared by Trader Tardigrade, the next Dogecoin price target is around $0.25 by the first week of May.

If achieved, a rise to $0.25 would be a significant milestone, considering Dogecoin has been stuck in a downtrend for over 10 weeks. As such, a break to $0.25 would mark Dogecoin’s highest price since late February and a robust recovery from its recent lows around the $0.14 to $0.15 range. Such a move would also represent roughly a 51% gain from the breakout level of $0.165. 

However, $0.25 is only the target in the short term. In a separate analysis, Trader Tardigrade pointed to Dogecoin’s long-term chart, highlighting a round bottom formation. The accompanying chart shows that in previous cycles, Dogecoin’s price formed a rounded bottom before entering explosive upward trends. This repeated pattern, now visible again on the monthly timeframe, signals that Dogecoin may be on the verge of another significant breakout. The long-term price target in this case is $2.8.

Image From X: Trader Tardigrade

Related Reading

At the time of writing, Dogecoin is trading at $0.18.

Featured image from Unsplash, chart from TradingView

On Tuesday, Ethereum (ETH) retested the $2,000 support zone, falling below this level for the first time in over a year. Some analysts suggested the second-largest crypto risks a 40% correction as its price attempts to hold its support level “between heaven and hell.”

Related Reading

Monday Dump Sends Ethereum To 15-Month Low

Ethereum has fallen to a yearly low of $1,993, according to Binance market data. The cryptocurrency has dropped below $2,000 for the first time in 15 months, hitting its lowest price since late November 2023.

Amid the February market retraces, ETH failed to hold the $3,000 level, hovering between the $2,500 and $2,8’00 price range for most of the month, despite the February 3 market crash to $2,100.

However, the end-of-month correction saw Ethereum bleed 17% to a new low of $2,076. Per Coinglass Data, the King of Altcoins closed last month with a 31.95% decline, registering its first February Close with red numbers since 2018.

ETH recovered 17% on Sunday, attempting to reclaim the $2,500 resistance level after US President Donald Trump announced the establishment of a “Crypto Strategic Reserve,” which will have Bitcoin and Ethereum “at the heart” of it.

On Monday, ETH fell below the $2,000 mark during the market’s dump and risks dropping another 40%. Ali Martinez highlighted that Ethereum could fall as low as $1,250 if it doesn’t reclaim some key levels.

The analyst noted that Ethereum has been consolidating in a parallel channel since 2024, bouncing from the channel’s upper boundary to the middle or lower boundary before bouncing back to the upper zone.

Nonetheless, ETH broke below the channel’s lower boundary after dipping below $2,200 last week. If the cryptocurrency doesn’t reclaim the channel’s lower boundary, its price could retrace to the $1,600 or even $1,250 support zones.

Martinez noted that Ethereum’s most critical resistance barrier is at the $2,400 mark, where over 2.41 million investors bought 62,68 million ETH. To the analyst, a breakout above this level could “clear the path for a rally toward $3,000.”

ETH Following Bear Market Years’ Playbook?

As Ethereum retested the barrier “between heaven and hell,” some market watchers pointed out that ETH’s recent performance resembles its 2018 and 2022 price action.

According to the pseudonym trader 5.0 Inverted, the king of altcoins is “following 2018 and 2022 bear market price action.” The chart shows that ETH steadily declined throughout those years, retracing 82,71% and 68.29% in 2018 and 2022, respectively.

Related Reading

The cryptocurrency saw small price rallies in the first six months of both years but continued the downtrend. ETH has declined 36.4% year-to-date (YTD), showing a similar performance to the mentioned years.

Another trader suggested that Ethereum dropped 60% from $4,200 to $1,800 last cycle before pumping 170% to its $4,800 all-time high (ATH) in the coming months. Based on 2021’s playbook, the cryptocurrency might continue its negative performance before recovering at the end of the year.

At the time of writing, ETH has recovered nearly 7% from its drop below $2,000 and trades at $2,135.

Featured Image from Unsplash.com, Chart from TradingView.com

Welcome to this week’s trading recap! Over the past few days, we’ve covered powerful trading strategies, insightful interviews, and key market concepts to help you sharpen your edge.

In this post, you’ll find a quick summary of all our latest content, so you can catch up, learn, and apply these insights to your trading. Let’s dive in!

Supply and Demand Zone Trading (video)

Last Tuesday I made a new video about supply and demand zone trading. Supply and demand zone trading is a trading method that identifies market opportunities through extreme trend shifts. Traders find these zones by spotting unusually large momentum flushes that mark the beginning of new trends. 

The key to success isn’t just finding these zones – it’s waiting for proper confirmation through price action and momentum before taking positions. This approach works on any timeframe, but requires patience and careful observation rather than rushing into trades as soon as price reaches a zone.

Best Forex Pairs (Article)

We also wrote a new article on the essentials of forex pairs and how to choose the right ones based on your experience level and trading strategy. Forex pairs are categorized into majors, minors, and exotics, each with different levels of liquidity, volatility, and risk.

Beginners are advised to stick to major pairs like EUR/USD and USD/JPY, which offer stability and lower transaction costs. Advanced traders might explore volatile pairs like GBP/JPY or commodity-linked pairs like AUD/USD. The article also discusses exotic pairs, which have higher risks but can offer greater rewards.

To trade successfully, traders should consider liquidity, volatility, economic news, and technical analysis while keeping a trading journal to track progress and improve strategies.

Read the full article: https://edgewonk.com/blog/the-best-forex-pairs-to-trade-a-complete-guide-for-beginners

Developing Better Trading Strategies (Video Podcast)

Break and Retest Trading System

In our newsletter from last week, we went over a simple, yet powerful break and retest strategy. I have been trading break and retest patterns for over 15 years.

The break-and-retest strategy is one of the most effective ways to trade price action. It focuses on identifying key levels, waiting for a strong breakout, and then entering on a controlled pullback—all while staying aligned with the trend.

Read the full newsletter here: https://mailchi.mp/81696fdca8af/this-is-the-simplest-trading-signal-and-so-powerful

How It Works:

1. Identify a strong level – A well-defined support or resistance zone that has been tested multiple times.

2. Wait for a breakout – A high-momentum move breaking through the level, confirming a shift in market structure.

3. Watch for a pullback – The price should return to the broken level, ideally with a V-shaped reaction instead of slow consolidation.

4. Confirm the entry – Drop to a lower timeframe to look for signs of price reacting at the level before entering.

5. Manage risk properly – Set a stop-loss beyond key highs or lows and use a reasonable take-profit target.

This approach helps traders avoid false breakouts, ensures they enter in line with market momentum, and provides clear entry and exit points for better trade execution.

That’s everything we covered this week! We hope these insights help you refine your trading strategies and make better decisions in the markets.

Stay disciplined, keep learning, and have a great trading week ahead.

Happy trading!