Let's delve into some alpha education.
How often have you encountered accounts exclaiming: โ๐๐ฟ๐ผ, ๐ ๐๐ผ๐น๐ฑ ๐๐ผ๐ ๐๐ต๐ฎ๐ ๐๐ฎ๐ ๐๐ฎ๐ผ ๐๐ฎ๐ ๐ผ๐บ, ๐๐ฒโ๐ฟ๐ฒ ๐ด๐ผ๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐ป๐ฒ๐ ๐ต๐ถ๐ด๐ต๐!โ?
And suddenly, FOMO grips you, pushing you to hastily deploy your capital.
The next morning, poof! You find yourself buying the local peak.
So, how can you shield yourself from this blunder?
By scrutinizing imbalances.
Take Bitcoin, for instance, displaying a short-term downtrend (lower highs/lower lows), right?
But then, the price surges past the 0.38 Fibonacci level, triggering euphoria.. yet, do you notice what lies beyond?
What many overlook: imbalances.
Those zones often serve as price magnets, potentially attracting liquidity and causing reversals, as seen in this scenario.
You'll witness this firsthand as the price wicks precisely pause at those levels (FVGs).
Hence, to validate a robust reversal and safeguard your capital from impulsive moves triggered by FOMO or hyped-up discussions on social media, focus on high timeframe closures above these levels, rather than rushing in every time the price
spikes.
This is how you shield your capital and shield yourself from FOMO and hype that frequently flood
social platforms.