#Ai sono il paradiso degli scalper. #Fet ha stampato un H& | CRYPTO MECHANIC su Binance Square

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CRYPTO MECHANIC

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#Ai   sono il paradiso degli scalper.#Fet   ha stampato un H&S pulito sul grafico di 1 minuto e si è spostato.
solo un post educativo
#cryptotrading  #dyor  

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Bitcoin Refused to go down under $90k you bears are so weak.

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The kind of notifications i like to receive 😀

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The problem that many traders have is they look for the best price. There is no perfect buy or perfect sell. You can't master the exact top or bottom. The better way to do it is draw your high timeframe zones and start scaling in or out depending on what you want to do. Waiting for a perfect price can make you miss many good trade setups. Evaluate the trend if high timeframe is bullish scale into longs when price drops into that zone. Take profits when it enters a key resistance /supply zone.

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We now have a condition where the market is now stuck between a major low and the high that most of the coins made on that bounce. I see it as a range bound condition. it's the condition where most of the traders will loose money flip-flopping their bias from bearish to bullish. it's the condition where traders are not too confident to chase the market again as the drop was brutal. And it's the condition where holders will get frustrated and leave their positions. Looking at the current picture, it's neither bullish or bearish imo as it's holding above or around a major low and yet to break a bearish structure as it's below that high. If i take you to the past where we had the similar situation. you can see it on the other charts 46% drop on sol followed by 28 days of range. Ethereum had 60% drop followed by 59 days of range before it decided to go up. You can notice that price did not break the low it made on that sharp move down. we have quite the same situation here, price is ranging while it's holding that dip low. And as long as it's holding the lows i think it's fine.

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$SOL breaking out of that range $200 Would be great if price continues to show strength from here.

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