#NEIRO GOT REJECTED AFTER THIS SPECIFIC BEARISH BLOCK (IDENTIFYING THIS WOULD MAKE YOU EARN ON ANY DECLINING MARKET!)
Most find comfort in taking long trades that sprung from the positive results in any market. Only a handful could produce positive numbers on a declining market. Hence, we're going to talk about that today.
Many disregard market psychology, but such factor once regarded highly will optimize even your worst trades.
Where does the price purportedly stops? Does it stop on a specific price after hitting an altcoin's ATH? If it does, then, you can mark that as one of the 'bearish' blocks. There are also several 'stops' that an altcoin will have which could be below or higher than the previously marked bearish block. So, you can also lock these as bearish blocks. With many selloff key levels, panic selling key levels and optimal selling positions that sellers mark, you may continue targeting these as your bearish blocks.
As an example, you may take a look at our NEIRO entry with a result of 31.87% decrease after targeting strictly one of its bearish blocks. Once this altcoin also settles at one price and shows more sign of weakness. It would be then considered as a new bearish block after causing bullish blocks to be broken down, naming it as a bearish breaker block. Making yourself familiar with these terms will surely benefit your short trades in the long run.
Stay wise, trade cautiously.
