#LINA/USDT Where is it headed?, why did it pump? What you are looking for to take entry and how you can get the best entries.
Read fully wlll help you in trading.
Where is #LINA headed:
A coin/stock/forex goes from support to resistance. When a cryto retraces it will find a support level(blue labels)
It will retest that support level multiple times and then that will be come a basline supoort to go and test resistance(red labels)
So in the 1st instance $Lina wants to test 0.006796.
Why did it pump?
The essence of trading is support and resistance, I call it order and chaos, order is not natural, everything in the end, ends with chaos, birth and death, big bang and big crunch. If a coin holds a support long enough it will pump, if it is rejected at a level long enough it will dump.
What you are looking for to take entry
$Lina has broken the trendliine, what u want to see(draw the white lines on your chart like i have drawn them) is a retest and hold of the white line(trendline) and then the coin will attempt to test price action resistance
The best entries.
The best traders, do not trade the pump, they trade into the pump. You are looking for coins which have dumped and spent 2-3 months consolidating on little volatility at a price level. That is where the whales are building the bag. You build your bag there
TO. THIS SHIT ABOUT BUYING THE DIP IS NONSENSE.
Buy consolidation on support.
When u get paid, win a trade, you add to your bag, because if u look at the chart, from support(blue label) to 1st line of resistance is a 60% move.
