📊Market Analysis: Wahala Too Much
📌 Observation
Let’s revisit yesterday’s prediction on Link Coin. We anticipated a trending market and recommended following the trend until it hit the daily resistance. However, the market environment is showing signs that we need to pay attention to.
💡 Insights
1️⃣ Leverage Matters: Often, the issue isn’t the signal or analysis but the size of leverage used sometimes. As a swing trader, I rely on higher time frames (minimum 1 hour) for more reliable signals.
2️⃣ Reversal Clues: Signs of reversals usually appear on higher time frames:
Daily Time Frame: ⚠️ Slight warning sign observed.
12-Hour Time Frame: 🚫 No warning yet.
8-Hour Time Frame: ⚠️ A warning appeared after the 8-hour candle closed an hour ago (Hanging Man pattern).
3️⃣ Proper Risk Management: Always manage your capital wisely. It’s not about how far you go but how well you trade.
🎯 Action Taken
I closed my trade with a 4% profit after spotting potential warning signs on the 8-hour chart. This turned a trade that was initially in the red into a gain... understanding how the game works is key.
Details and timing will be shared soon for educational purposes, emphasizing the importance of leverage and risk management.
📊 Next Steps
🔭 Watching the Market Closely:
I’m focusing on the 12-hour close of Link Coin before making any further decisions. Similar patterns might also emerge in BTC, ETH, BNB, Bonk, and other assets.
⚖️ Final Thoughts
The market is here to stay! Always trade with discipline, manage your capital like a businessperson, and avoid overexposing yourself on a single trade. Success in trading isn’t about how far you go; it’s about how well you execute your plan. 🚀
📢 Stay Informed, Stay Ahead!
📤 Share this with your network!
👍 Like for more insights.
🔔 Follow us for timely updates.
💬 Comment Below to join the discussion!
