Assets typically go through four market phases:

1. Accumulation

2. Height

3. Distribution

4. Decline

Individual assets may experience these phases at different times within the same market cycle.

For #PENDLE, it seems to be ending its distribution phase. If it falls below $3.80 and creates a lower low (LL), it could signal a decline. However, if it returns and consolidates above $5, it might continue to grow.

It's impossible to predict this in advance. Therefore, coins that have already given significant returns (e.g., x5-x10) are less appealing for purchase as the fun can end at any moment.

All coins go through these phases without exception, and this applies to more than just crypto. Market phases are a natural process, which is why I focus on trading market phases and cycles rather than local volatility.

#PENDLE🔥🔥 #Write2Earn! #BinanceTournament #Megadrop #MtGoxJulyRepayments