(Crack the code on how confirmation bias keeps myths alive a | GondalFortune on Binance Square

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(Crack the code on how confirmation bias keeps myths alive and thriving!$BTC 
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Wait, Hold On! Shiba Inu (SHIB) and Pepe (PEPE) CEOs Want to "Remove All Zeros"? 🤣🚀

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#Binance250Million DEXE/USDT 1. **Current Price**: - The current price is **19.490**, with a significant **+28.50% increase**. - The **MA60 line** is at **19.500**, indicating the price is slightly below the moving average, which could signal potential short-term resistance. 2. **Volume Analysis**: - High volume spikes suggest increased market activity. This can indicate momentum or potential reversals. 3. **Technical Indicators**: - **EMA**: Shows short-term trends. Crossing of EMA lines can provide signals for bullish or bearish momentum. - **MACD** (not shown in detail): It would be helpful to check whether it is crossing above or below the signal line for momentum confirmation. - **RSI** (not visible in the screenshot): Would help to determine overbought or oversold conditions. --- Trade Strategy: 1. **Long Position**: - **Entry**: If the price sustains above the **MA60** (**19.500**) with strong volume, consider entering a long trade. Confirmation above 20.00 could indicate a continuation of the upward trend. - **Stop Loss**: Place it below **19.00**, as this is a psychological and recent support zone. - **Take Profit**: First target at **20.50** and second at **21.50** if the momentum continues. 2. **Short Position**: - **Entry**: If the price fails to break above **19.500** and closes below **19.20** with declining volume, consider a short trade. - **Stop Loss**: Place it above **19.80**, as breaking this level may invalidate the bearish signal. - **Take Profit**: First target at **18.80**, second at **18.00** if the downtrend persists. Risk Management: - **Trade Duration**: Monitor the 15-minute and 1-hour charts for quick decisions; adjust for longer-term positions based on the 4-hour or daily chart. - **Contingency Plan**: - If signals go against your position, exit at stop-loss levels without hesitation. - Wait for a clear reversal pattern or a breakout before re-entering. #Write2Earn #DEXVolumeRecord #BinanceAlphaAlert $DEXE

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