#NEIRO GOT REJECTED AFTER THIS SPECIFIC BEARISH BLOCK (IDENTIFYING THIS WOULD MAKE YOU EARN ON ANY DECLINING MARKET!)
Most find comfort in taking long trades that sprung from the positive results in any market. Only a handful could produce positive numbers on a declining market. Hence, we're going to talk about that today.
Many disregard market psychology, but such factor once regarded highly will optimize even your worst trades.
Where does the price purportedly stops? Does it stop on a specific price after hitting an altcoin's ATH? If it does, then, you can mark that as one of the 'bearish' blocks. There are also several 'stops' that an altcoin will have which could be below or higher than the previously marked bearish block. So, you can also lock these as bearish blocks. With many selloff key levels, panic selling key levels and optimal selling positions that sellers mark, you may continue targeting these as your bearish blocks.
As an example, you may take a look at our NEIRO entry with a result of 31.87% decrease after targeting strictly one of its bearish blocks. Once this altcoin also settles at one price and shows more sign of weakness. It would be then considered as a new bearish block after causing bullish blocks to be broken down, naming it as a bearish breaker block. Making yourself familiar with these terms will surely benefit your short trades in the long run.
#STRK IS REACHING OUT TO ITS FIINAL STRAW OF SUPPORT
We have concluded that STRK is accumulating an even greater strength in order to attain favorable market positions. The least that we could see STRK go would be 0.3030. Any changes to this might also happen as we're still finding the optimal spot for long position of this altcoin. Right now, we're satisfied with the scalp trade that we have done.
#DOGS SEEM TO BE HOVERING AROUND ITS SUPPORT: POTENTIALLY FINDING A NEW MAJOR SUSUPPOR
We are now satisfied with the 1277.44 USD trade that we have successfully pulled off. This is where our scalping for DOGS end. Our new main focus now will be the hunting for a potential swing trade in the upside after the market corrects itself. In the event that we can find the most suitable position for DOGS. Then, we will gain another advantage close to its depths with our upcoming long position.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.