Bears should start praying now for their under $90k targets. | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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Bears should start praying now for their under $90k targets. 

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New week tomorrow and i will share some Altcoins weekly charts. Let me know which one you think can perform well. 👇

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You can make money when the market is in uptrend by catching bounces on the way down or playing the continuation of the trend. When price dumps after a big move, it often doesn’t go straight down it bounces. These bounces come from panic sellers getting absorbed and short-term buyers stepping in. They’re usually sharp and short-lived. Once the hype cools off, some coins form a base and continue trending. If momentum is still alive, the coin creates a higher low, consolidates, and breaks out again. The key is to wait for the reaction, not the initial move. Either catch the bounce or position for the next leg.

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Think Altcoins still got strength in these, The charts are a little extended now so chasing at these prices wouldn't be much rewarding for me. I would like to see some consolidations or Pullbacks going into next week to get in. I do have some positions open and i will likely keep these. Will look to add more in pullbacks. (Whenever it comes) If Ethereum continues to catch bids, We can expect Alts continue to perform.

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Got out of my $ETH Trade i took yesterday My plan was to trade it back to the highs and i got it. The htf is still fine and the strength is there. My plan was to play this short term move based on lower timeframe and i did. Will reevaluate and enter again next week.

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$ETH Going well so far.

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