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.
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.