Check out the chart I shared in the last post about $ETHFI and see how it retested the psychological resistance I pointed out and managed to break it for a couple of days until it returned to the resistance zone I had previously marked with a rectangle. There, it couldn't break through that price range, bounced back with selling pressure, and we're in quite a steep fall... which, as usual, with new launchpools, the volume shifts to $BNB and $FDUSD to seize new opportunities. It's still a very interesting project, but I hope you're not still holding onto it! Get reading about SL and risk management, that's my free advice for today!
#BinanceLaunchpool #BullorBear
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Bearish
Why #ETHFI ... why are you falling ? How sad! What I'm showing you here are 8-hour candles, and it's pretty clear that there's selling pressure and few buys... When this happens, you have to make a decision if you entered the market with clear goals. Has your profit target been reached? (If you're still in the market, the answer is clear). Why haven't you exited the market yet? Do you think it could recover? In the candle I've marked with a thumbs-down emoji (in red), there's a break of a resistance that I've defined as a psychological all-time high in my previous posts, and if it continued downwards, breaking this "floor", I'm sorry to say it doesn't look good... especially if the market (global context) isn't showing signs of recovery.
What would I do? If I bought above the level of 6.37, I would sell, assuming a loss, yes. Nobody likes to lose, including me! But if you stay, it could be worse! It's your decision!
$ETHFI #BullorBear
What would I do? If I bought above the level of 6.37, I would sell, assuming a loss, yes. Nobody likes to lose, including me! But if you stay, it could be worse! It's your decision!
$ETHFI #BullorBear
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