Heightened interest with the usual 'to the moon', 'we're going to 100K today', etc. are almost everywhere we go virtually, even personally (when we have people close to us who knows cryptocurrency).
By this time, we will still see more, and more people jumping on the hype train. It will get a lot more intense as the market is filled with the greatest number of liquidity for this period of time. This doesn't stop here, as once we recover from 1 bloodbath, another stronger or even the strongest of our era will come.
Remember, the stock market has also experienced the greatest downfall of all time. This goes to say that we're not an exemption, here in this crypto market. The only way for a market to become healthy is for it to reset, and by reset I mean, the wealthiest needs the commonfolk to be back to being chimpanzees who will question the crypto market once again after the hype with their disbelief in mind.
Don't be part of the ones who will become insolvent by the time prices will be discounted by a whole lot. As you will become someone who can't enter the fear level with highest opportunity for financial growth if you don't take precautions.
This is what all I will say, and if you're new to the market, it's all the more reason to read this.
It might be far from over. Albeit, the ones who are doing maximum leverage for long positions of tokens that have obviously went close to their resistance, and some has reached their ATH, these are the same people who will complain that they've blown their account because #BTC didn't move according to their plan.
You'll get to understand that it's not the price movement of the mother of all coins that's the problem. In fact, the problem is you, never bearing in mind to manage the risks that comes along with using maximum leverage, and more than 5% of your portfolio.
If you'll never diligently study/research about risk management. The future that awaits you, is a future of stress, anxiety, and a problem filled life.
I say, it's worth to diligently study/research the information before diving deeply into the market with maximum leverages, and portfolio blow up. Rather than, spending years of your life regretting that you should have spent the times of loss with diligent study/research.
We are now moving on one of the major support key levels of #BTC #55K #49Khmm
Here's why...
As late longs were shaken out from the key levels: 69k, 66k and 61k. More and more early shorters are joining the action.
I say, the early shorters are not wrong but those who are shorting with maximum leverages and 5%+ of their capital are in for a wild ride.
They might now be anticipating the 49k below key levels. Hence, the reason for their max leverage, high margin shorts.
Although, 1 notable factor you must consider before joining them is the fact that this correction still have its imbalances and by the time you join them with max leverages, you'll become liquidity exits for those who have done earliest shorts. In shorter terms, you're their quick cash.
If you've realized this by now, congrats, you're not part of the 98.9% who are just blindly following whatever happens but instead asks, why is this happening. You're already in the right path.
Heightened interest with the usual 'to the moon', 'we're going to 100K today', etc. are almost everywhere we go virtually, even personally (when we have people close to us who knows cryptocurrency).
By this time, we will still see more, and more people jumping on the hype train. It will get a lot more intense as the market is filled with the greatest number of liquidity for this period of time. This doesn't stop here, as once we recover from 1 bloodbath, another stronger or even the strongest of our era will come.
Remember, the stock market has also experienced the greatest downfall of all time. This goes to say that we're not an exemption, here in this crypto market. The only way for a market to become healthy is for it to reset, and by reset I mean, the wealthiest needs the commonfolk to be back to being chimpanzees who will question the crypto market once again after the hype with their disbelief in mind.
Don't be part of the ones who will become insolvent by the time prices will be discounted by a whole lot. As you will become someone who can't enter the fear level with highest opportunity for financial growth if you don't take precautions.
Current Market Sentiment and Price Pattern: Analysis of JUP's Recent Decline
Price Pattern: Three Descending Peaks: JUP has recently shown three descending peaks after a strong price surge. This pattern typically indicates that buying momentum is slowing down and sellers are starting to take over.
Comparison with JASMY: Initial Surge: JUP’s rise looks a lot like what we saw with JASMY, driven by early investor excitement. Waning Enthusiasm: Just like with JASMY, the initial hype around JUP is fading as the price reaches its peak.
Factors Contributing to JUP's Decline
Broader Market Trends: Bitcoin's Performance: Bitcoin’s recent struggles have put additional pressure on the entire cryptocurrency market, including JUP.
Investor Behavior: Profit-Taking: Many investors might be cashing out after the surge, adding to the selling pressure.
Shift in Sentiment: As the price peaks, the initial excitement diminishes, causing a shift from bullish to bearish sentiment.
Strategic Recommendations
For Those Who Followed the Sell/Short Signal (July 29, 2024): Swing Trade Opportunity: The current downtrend is a great chance for a swing trade.
Risk Management: Use strategies like setting breakeven stops or profit locks to protect your gains and avoid unnecessary losses.
Market Vigilance: Keep an eye on the market for any changes in trend or sentiment that could impact your position.
Insights regarding #JUP that will help you better analyze your trades.
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#JUP is now in the verge of forming 3 descending peaks.
These 3 descending peaks were formed after sellers became more aggressive as the price of JUP surged. It was a notable rise in price as it came to the top just like #JASMY . We already know the common factors as to why JUP surged in price, such as being a decentralized exchange aggregator for the Solana ecosystem, being recently listed and so many more. This shows that as the investors' interest piqued other buyers as well, they were already being cautious of the possibility of having a total breakdown from this token. As evident with the 3 descending peaks, there has been an overall bearish sentiment along with the rejection of BTC. The way we can see JUP is once it gets to form the 3rd peak, a breakdown could occur and potentially leading to a high rate of declining profit for sellers and a potential discount for buyers.
To those who have entered our sell/short signal last July 29, 2024, you can actually hold for a possible swing/position trade and higher profitability. Although, keep in mind that you may implement strategies to ensure you gain profit or you take no losses, e.g.: breakeven, stop loss at profit levels, etc.
TOP 3 FACTORS BEING OVERLOOKED BY 98.9% OF EVERY TRADERS IN THE CRYPTO MARKET EXPLAINED IN 3 MINUTES
TOP 3 FACTORS BEING OVERLOOKED BY 98.9% OF EVERY TRADERS IN THE CRYPTO MARKET EXPLAINED IN 3 MINUTES (THIS WILL CHANGE YOUR TRADING LIFE) 1. Resistance and Price Ceilings: OVERLOOKED: After a momentarily price surge or a sudden impulsive wave in the chart. 98.9% of every trader/investor will immediately have a thought of a breakout without confirming the price resistance/ceilings beforehand. EFFECTS: Historical resistances are like PRICE OFFs in a mall, making you think that you will lose opportunities if you will not join immediately. When in fact, you're not actually losing opportunities, there are still a lot of opportunities in the market. Those who are hasty in taking action, gets nasty results. PREVENTION: Patience, observation and reaction (POR). Patience. Wait for confirmation whether a price ceiling is getting weaker and buying pressure is getting stronger or the opposite. Observation. Stop and observe the asset, verify if there is a strong rejection on the price resistance/ceiling, how many rejections happened historically and is there anyway the asset would still continue the rally or not. Reaction. After being patient and observing the asset, as you understand the nature of what might happen, it is now time for you to react. 2. Fake Crypto Content Creators: OVERLOOKED: Just because the insights/news they provide are lengthy doesn't mean they're noteworthy. Most fall for the tricks of reading information in the crypto space without validating if it really came from that crypto content creator or from someone else--- who's the real original content creator. EFFECTS: Fake crypto content creators are like bugs with sharp buzzing sounds, they will hurt your brain. As you read contents that are made just for the sake of sharing their hidden agendas, you will be more susceptible to poor trading decisions. PREVENTION: Analyze the content that these 'creators' are sharing. It's easy to verify if it's not made by humans too, just go and find a reliable AI detector and you can confirm if it's made by humans. As for the fact that there are still those who copies original human content, you have to be your own judge. Real or fake is easy to be understood by the real ones. 3. Unverified Strategies: OVERLOOKED: After watching or reading trading strategies, 98.9% immediately uses them without back testing or forward testing. Then, blaming the origin of the said trading strategies when it's actually their fault for not running some tests. EFFECTS: Without back testing or forward testing, you are more likely to use your capital as the source of your experimentations. Most of the time, your experimentations will fail, you have to take note of this. PREVENTION: Back testing and forward testing are free. Don't be shy to do these types of experimentations before you test it on a real trading scenario. In this way, you can gain better results with the data you gather before doing it on a live trade. After reading these overlooked factors, you should have the idea now on what you should do and what you should never do. The only one separating you from your success is how you view the path towards success and not the countless failures that come with it. By the way, you should have realized by now that I'm a legitimate crypto content creator in the Binance Square. I can do more contents like this and I'll help you wake up after the countless struggles you've been through. From your fellow struggler.
For 2 FREE SIGNALS WEEKLY, t.me/GAINERSPACK. We provide, it's up to you to decide.
It's not about what comes after the drop that matters the most but what happened BEFORE the drop that you need to take note of.
To understand it simply, let's break it down: ➡️ Surged so high could be 10%+. ➡️ Getting closer to the previous rejected prices. Could be 40%+ however getting too close to the rejected price level such as 80% should make you think thrice if it's really a good time to enter a buy order. ➡️ No 75%- correction from it's initial impulsive wave. All impulsive waves need corrections, most reaches only up to 50%-, some rare cases could be 75%-. ➡️ Only once or twice has it attempted to breakout. This means, the initial and second attempt to breakout have 90% chance to fail as more sellers are awaiting the highest price in that certain period of time. ➡️ Chart pattern indicates an aggressive bearish market sentiment. Sellers aren't coming into terms with buyers and prices need to be lower for another attempt of breaking out. ➡️ Price is getting closer to resistance and getting far from support. May it be the minor supports/resistances or the major ones, identification of the current level of price should be important.
There are more to identify, although, these factors will greatly help you in identifying whether a token would most likely dump or not.
You have to keep a checklist in your mind, as a journal or any record to maintain your market sanity.
For more analysis and strategies like this one, visit t.me/GainersPack
#JUP is now in the verge of forming 3 descending peaks.
These 3 descending peaks were formed after sellers became more aggressive as the price of JUP surged. It was a notable rise in price as it came to the top just like #JASMY . We already know the common factors as to why JUP surged in price, such as being a decentralized exchange aggregator for the Solana ecosystem, being recently listed and so many more. This shows that as the investors' interest piqued other buyers as well, they were already being cautious of the possibility of having a total breakdown from this token. As evident with the 3 descending peaks, there has been an overall bearish sentiment along with the rejection of BTC. The way we can see JUP is once it gets to form the 3rd peak, a breakdown could occur and potentially leading to a high rate of declining profit for sellers and a potential discount for buyers.
To those who have entered our sell/short signal last July 29, 2024, you can actually hold for a possible swing/position trade and higher profitability. Although, keep in mind that you may implement strategies to ensure you gain profit or you take no losses, e.g.: breakeven, stop loss at profit levels, etc.
Gainers' Pack Crypto Trading Risk Warning: All crypto trades are susceptible to high volatility, and traders' discretion will be subject to their financial decisions.
Therefore, the final choice will always be for you, as the traders' who are willing to take the risks incorporated with every trade that we will do.
For those who have just joined, kindly don't enter any trade immediately without reviewing the date/time in which the signals/analysis were posted.
Those with substantial experience, never forget to measure the level of profit satisfaction that you want to meet in order to maintain profitability without being greedy.
Most of you might want to produce results such as what Gainers' Pack had produced but don't forget that the previous trades we've had weren't shared to you. This means, don't be too hasty in getting the same results for trading will be a long journey.
Before entering any trade, Gainers' Pack would like you to confirm that you're prepared for the risks that are present in the crypto market. By confirming, you agree to the protocol that every traders in this group follows. Trade only what you're willing to trade and as such, you're prepared for the losses as much as you're prepared for the wins.
Gainers' Pack Crypto Trading Risk Warning: All crypto trades are susceptible to high volatility, and traders' discretion will be subject to their financial decisions.
Therefore, the final choice will always be for you, as the traders' who are willing to take the risks incorporated with every trade that we will do.
For those who have just joined, kindly don't enter any trade immediately without reviewing the date/time in which the signals/analysis were posted.
Those with substantial experience, never forget to measure the level of profit satisfaction that you want to meet in order to maintain profitability without being greedy.
Most of you might want to produce results such as what Gainers' Pack had produced but don't forget that the previous trades we've had weren't shared to you. This means, don't be too hasty in getting the same results for trading will be a long journey.
Before entering any trade, Gainers' Pack would like you to confirm that you're prepared for the risks that are present in the crypto market. By confirming, you agree to the protocol that every traders in this group follows. Trade only what you're willing to trade and as such, you're prepared for the losses as much as you're prepared for the wins.
$LSK $SUI & $XRP are gonna reach another 5%+ increase even with the recent decline of #BTC.
The market sentiment for these three coins are still strong, and so the pressure will continue to flourish. Along with the support key level for these tokens, you can expect a high increase in price as time goes by.