ONE OF OUR MAJOR TRADES, WITH A RISK-REWARD RATIO OF 83 AND A 311.74% INCREASE!
Since we entered the market, REEF has produced a total yield of 311.74% with a stop-loss risk percentage of just 3.76%. Taking into account that we sniped this entry and only determined a small loss. This is undoubtedly now regarded as one of our greatest trades.
Just a warning. The purpose of this essay is not to pressure traders into making more similar deals. Our purpose is to educate you on how it was made feasible and how to avoid FOMO.
We'll outline every aspect we took into account prior to making the REEF deal. These factors are as follows:
After plunging to its lowest point in 2023 at 0.001300-0.00204. Additionally, it hit a new low between 0.000592-0.00151, which is already regarded as an oversold region.
We also found that it is currently at 89%, which is higher than the "healthy" correction that ought to occur, using the Correction Territory indicator. The weekly and monthly measurements were affected, and the daily measurements are already closing at a correction percentage of 40% to 50%, which is also a decrease. As a result, we are seeing a significant drop, and our data shows that this happens whenever the market declines by more than 50%. It is already thought to be a place where buyers would probably eat up sellers.
The fear factor already surpasses the typical levels of fear. There were far too many speculations that REEF will be delisted, but as of right now, it is still in its own accumulation period and at the level where it should be.
Prior to its spike, the majority of posts about REEF were "negative," with comments suggesting that it is unlikely to ever rise again. because we have considered comments of this nature. We were able to determine that a completely new market situation will result from the dread, uncertainty, and concerns that these kinds of remarks engender. As a result, we felt secure using our reverse psychology strategies.
Technical and fundamental analysis are not the only methods we have employed. Instead, one of the strategies we employed to adopt the best stance for REEF was emotive analysis.
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.