SECRET CRYPTO TRICKS THAT ARE NOT YET KNOWN BY MOST TRADERS!
THE BENEFITS OF LIMIT ENTRY: YOU'RE THE BOSS!
This is the biggest benefit of being a limit entry trade. You become the boss and your employees are those who take market entries!
Let me say it bluntly.
Great market players are not those who always look at the market 24/7 but those who look at the market for 30 minutes to an hour and say, "Alright, I'm done for today. Let it be."
The ones who pay them are those who watch the market 24/7.
As opposed to the common belief that the market will payout for your whole day. You're only the salary provider of those who do limit orders. Albeit, those who are also patient with doing market entries will also be your bosses. Don't believe me? Check your recent trades. How many of them are limit orders and how many of them are market orders?
I'm not saying to shift from market entries to limit entries.
I want you to think about becoming the most patient trader of all time!
The whole market is hyped? The whole market is impatient? The whole market is aggressive?
Be the most patient trader!
You can do this.
"HOW DO YOU KNOW WHEN TO ENTER FOR A SHORT TRADE?"
It's not by how you 'know' but by how you 'acknowledge' the sentiments of MOST.
Trends are there since that is what everyone follows. Take for example your shoes, almost everyone may have that same brand. Factors such as demand, disinterest, psychological readings, etc. are part of what makes the structure of a trend. Hence, once you see a token going down, in our mind it will immediately register as a breakdown. Though, this is not always the case.
Bear in mind this simple principle in trading.
Anything that comes down will be met by hungry buyers. Vice versa with anything that comes up, it will be met by hungry sellers.
Take the token #SUPER as an example.
The recent rejection from 0.80 has made a correction towards 0.62 zone where many demands were met. Making the principle correct. However, still don't forget this. Since it has been rejected at 0.80 more sellers will meet the price slightly below the 0.80 zone or slightly above it. This is where the test for breaking out starts. Once the test provides an unconfirmed breakout, it will be now called as a bearish block where many would believe that the price will get rejected once again. Right after, once another demand zone will be in place. Especially for tokens that are in their bottom and those who are holding their supports very well. They will do several attempts at breakout. Until such time the opposite bullish blocks will find liquidities sitting on top of the bearish blocks and do a confirmed breakout.
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.
