Liquidate early shorts, and liquidate late longs. It's all | GAINERSPACK no Binance Square

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Liquidate early shorts, and liquidate late longs.
It's all according to plan.

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@alberteinstein

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If you haven't noticed it yet. 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. t.me/GAINERSPACK

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READ THIS IN UNDER 10 SECONDS AND IT WILL CHANGE YOUR TRADING LIFE August every year is bloody in any market. The only difference is— ... In crypto, halving exists and every after halving it's always a positive result. So don't look too gloomy. When it's bloody, you must be excited. When it's greeny, you must be worried. Get to understand these and you'll become an expert of this market. t.me/GAINERSPACK

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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. #Continue #JUP #BTC

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Insights regarding #JUP that will help you better analyze your trades.

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