THIS IS THE BEST WAY TO LOOK AT EVERY SURGING ALTCOIN IN THE CRYPTO MARKET!
First of all before we go through the article. This article is not meant to mock anyone who's suffering with their trades but instead this article is meant to educate traders who are new and are struggling.
Let's take #LOOM as an example.
There are traders who got trapped in the key levels where most sellers would have already partially sold the bags they've hold for this altcoin and the traders who entered at those key levels are wondering how it went down. This is the tricky part of the trading life. You don't know where the exact position sellers would do selloffs and the exact time. Although, you can check the ESTIMATED possible price and time where they would take their positions in doing selloffs. Those who are doing spots doesn't have any problem since they can just continue to HODL and also DCA or put more to their holdings. Those with future trades on this altcoin may be doing overleverages and never taking into account the possibility of a momentary reversal and a quick one at that. In any market, there are shakeouts meant to take care of those who do 'too' early and 'too' late positions. Thus, it would be wise to continue sticking to listing out the 'possible' areas where you can enter a trade and avoid a trade. It's as simple as that.
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.