I am seeing charts calling for $1+ on #fet If we use a bit of logic, then is it likely or are people once again buying based on emotion & influencers. Remember most influencers are not trying to help you (they are after engagement)
In theory the asset should fall into the cycle low (due in May). This is however a much stronger move compared to the st pattern in the prior cycle. It's shaping up for an interesting summer imo. Don't get hooked.
You will see this set-up on most coins (over under play). Expecting a down week on the #SPX so move to range low is something to look out for on the alt coins
#avax is following a few other alt coins and has broken S2 on the pf from ATH. Does suggest these coins are in the early stages of accumulation (this can last for well over a year).
If you have fomo ask yourself 2 questions. (1) Am I buying after an increase in price ( (2) Am I buying into a level where supply has proven to exceed demand. If so you will likely sell after a decline in price & into demand
How can the market cause damage? Most use a SL as a market order (to get filled). Breakout traders use market orders. Emotional traders use market orders. This is how markets move. The same would happen below. Longs stopped at market. Emotional traders short at market.
Consistently executing successful trades requires planing. The slide below shows the steps I go through when setting up trade alerts and planing out future trades. Once set-up, then it's just a matter of patience.
Everyone is flipping their bias inside a range. Your job is simple; identify the levels & actionable set-ups & plan them in advance. Remember, the trader who has no plan & who trades with emotion will pay the experienced trader who has a plan/ knowledge.
Remember everything is in connected. Avoid longing into range high crypto assets whilst correlated markets are range low. The long set-up will be there in crypto. Identify the levels where you want to engage and be patient. Price will very likely go there
Almost decision time for #Solana Contracting pa inside the range. Price will be pulled to certain areas and that is where you want to look to engage. You need to have a plan
Participants have turned very bullish at range high (buying after an increase in price into a level where sellers dominate). Probability suggests a to return to range low (where they will sell after a decline in price into a level where buyers dominate).
And htf, I still think we need to shake out retail who keep on accumulating. Euphoria into the summer and it's another hook. That is my bias but ultimately it doesn't matter.
There's not much to update. I can see people now drawing diagonal lines for a triangle/ bull flag, so it makes sense to chop those people up in a range. Simply look to play the deviations.
Just an idea. Where will price be pulled towards and why. That is where you want to look to engage and try to avoid trading at price points where most participants are trading
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