sellthetop
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Bitcoin break daily support but manage to stay above the 60K key level with 57K act as supporting cushion that avoid seller push price deeper.
In my opinion since there is no momentum during breakout below 60K key level, this price action is just a FAKEOUT, done by margin and futures profit taking.
Coming days with positive sentiment from stocks market during this corporate results will bring inflow into crypto market incoming days.
$BTC will probably testing critical 69K area incoming weeks. Always stacks your sats if you long term HODLER but if you were tradef please manage your risk reward ratio. Avoid excessive position during this sideway market.
#buythedip #sellthetop
In my opinion since there is no momentum during breakout below 60K key level, this price action is just a FAKEOUT, done by margin and futures profit taking.
Coming days with positive sentiment from stocks market during this corporate results will bring inflow into crypto market incoming days.
$BTC will probably testing critical 69K area incoming weeks. Always stacks your sats if you long term HODLER but if you were tradef please manage your risk reward ratio. Avoid excessive position during this sideway market.
#buythedip #sellthetop
As a new crypto trader I used to purchase a coin, expecting that the price will rise and instead the price used to drop. After a long wait time when I used to sell with with a minimum margin, the price used to rise. If you are a new trader and experiencing the same thing, here are four likely missteps you may have made:
Have Patience:
be patient, Instantaneous upticks in coin value post-purchase are rare. Trading demands patience; anticipate a waiting period for favorable outcomes.
Avoid FOMO- Based Purchases:
Avoid succumbing to Fear of Missing Out (FOMO) when buying a coin amid hype. By then, it's often too late to benefit, and you risk being on the losing end of the trade. Recall the adage: "Buy low, sell high."
Catching a Falling Knife:
Refuse to invest when a coin's value is rapidly declining. Such downward trends often persist, leading to further losses. Exercise caution and refrain from impulsive buying during such instances.
Have a strategy:
Trading strategy is very important. Sometime as you purchase a coin expecting the price to rise. The price drops and then rises. In this case if you have already invested all your money you won't be able to purchase the drop. So it is always a good idea to spare some of you investment and utilize it when the price drops.
Remember the core principle: buy low and sell high. However, exercise discretion; refrain from purchasing when a further decline seems imminent. Wait for optimal opportunities, observing market trends and favorable patterns before making a move.
#pizzaday #buythedip #sellthetop #PatiencePaysOf #FOMOFactor
Have Patience:
be patient, Instantaneous upticks in coin value post-purchase are rare. Trading demands patience; anticipate a waiting period for favorable outcomes.
Avoid FOMO- Based Purchases:
Avoid succumbing to Fear of Missing Out (FOMO) when buying a coin amid hype. By then, it's often too late to benefit, and you risk being on the losing end of the trade. Recall the adage: "Buy low, sell high."
Catching a Falling Knife:
Refuse to invest when a coin's value is rapidly declining. Such downward trends often persist, leading to further losses. Exercise caution and refrain from impulsive buying during such instances.
Have a strategy:
Trading strategy is very important. Sometime as you purchase a coin expecting the price to rise. The price drops and then rises. In this case if you have already invested all your money you won't be able to purchase the drop. So it is always a good idea to spare some of you investment and utilize it when the price drops.
Remember the core principle: buy low and sell high. However, exercise discretion; refrain from purchasing when a further decline seems imminent. Wait for optimal opportunities, observing market trends and favorable patterns before making a move.
#pizzaday #buythedip #sellthetop #PatiencePaysOf #FOMOFactor