THIS TOKEN HAS BEEN TRADING BELOW ITS ANNUAL LOW (CONFIRMED PRICE ACTION)
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This is the reason.
Since the accumulation phase is the first stage of every market's structure, it will experience the other three phases for a considerable amount of time following the first. Certain procedures will take months to complete because this would occur after a lengthy time. For instance, AVA's price has been trading below its annual low while it has been in its accumulating period. To make sure the strength of this token is sufficient for the following stage, tests are conducted above the support. There will be a series of short-term consolidations before to the following phase, during which buyers and sellers will undoubtedly fulfill their orders. Day traders can earn from any of their short or long bets inside these ranges, such as buying at 0.466 and selling at 0.593. as buyers' sentiment had already sucked up the selloffs from the most recent downturn. It is reasonable to predict that this accumulation will indicate a large number of buy positions, whether they are long-term long positions or sniping for entrances at certain demand zones. Many will then believe that the market will already be at its markup if there is a brief rally. However, the easiest approach to verify this is to wait and watch the market in silence before acting. Take a look at Bitcoin, which did not instantly see a markup following its decline and accumulation. Rather, before the breakouts, there was a sustained climb.
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.
