"HOW DO YOU KNOW WHEN TO ENTER FOR A SHORT TRADE?"
It's how you 'acknowledge' the feelings of the majority, not how you 'know' them.
There are trends because everyone follows them. For instance, practically everyone may own the same brand of shoes. Demand, disinterest, psychological readings, and other elements all contribute to a trend's structure. Therefore, when you witness a token declining, it will instantly register as a breakdown in our minds. This isn't always the case, though.
Remember this straightforward trading principle.
Hungry buyers will meet anything that falls down. On the other hand, hungry sellers will meet everything that arises.
For instance, consider the token $SUPER.
Many needs were satisfied in the 0.62 zone after the recent rejection from 0.80. correcting the principle. But remember this nonetheless. Given that it was rejected at 0.80, more sellers will offer a price that is either marginally above or below the 0.80 zone. The test for breaking out begins at this point. A bearish block occurs when the test shows an unconfirmed breakout, leading many to assume that the price will be rejected once more. Another demand zone will be established immediately thereafter. Particularly for tokens that are at the bottom of the market and those that are maintaining their ground.
LIMIT ENTRY BENEFITS: YOU ARE IN CONTROLL!
The main advantage of being a limit entry trader is this. Your employees are the ones who enter the market, and you become the boss!
Allow me to be direct.
Those who look at the market for 30 to 60 minutes and decide, "Okay, I'm done for today. Let it be," are great market players, not those who watch it all day, every day.
Those that keep a close eye on the market are the ones who pay them.
as opposed to the widely held notion that you will profit from the market all day long. The only people who pay you are those who place limit orders. However, your supervisors will also be those who are patient when entering the market. You don't trust me? Examine your most recent transactions. What percentage are market orders and what percentage are limit orders?
Moving from market entries to limit entries is not what I'm advocating.
I would like you to consider becoming the most patient trader ever!
Is the entire market overhyped? Is the market as a whole impatient? Is the market as a whole aggressive?
Be the trader with the most patience!
This is something you can accomplish.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
