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The Crypto Anatomy

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The Crypto Anatomy

@joyjitsarkar

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$PEPE BREAKS BULLISH FLAG & POLE 🚀 It starts off this week with a bang and back in action again. In fact the foundation was laid back already in the previous week itself. 📊 When I mentioned in the previous post that it may add a zero but that would be temporary and won't sustain long, it was actually coming. As a matter of fact it broke down the crucial support of $0.00001 just a week ago on Tuesday June 18, but bounced back immediately and closed above $0.00001075 which became resistance for some time, but settled again as the important support line. ✨ But as you can see in the chart, after Pepe closed above $0.00001075 forming a hammer (visit thread), it stayed above this support level throughout that week. Even the breakdown yesterday couldn't sustain for long and what a fine CANDLE formation appeared. It took support on the lower band, closed on a solid $0.00001134 yesterday and today went Boom 💥 A solid candle today with no lower shadow, easily breaking the bullish flag and pole, resistance of $0.000012 and the middle band (20MA), all these three crucial metrics. Big cheers to those who bought at the low near those support levels of $0.00001and we will surely witness $0.000014 this week. But make sure if you're going long mind that leverage. *This is not investment advice. #PEPEATH #CryptoPCEWatch #Megadrop $PEPE

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$SOL Is Hanging Near Support Things are looking bearish as Solana broke down it's crucial support of $150 and broke down the ascending channel. After breaking the support trendline it made a low of $127 this week and currently trading above $130, down -13.44% for the week. The weakness still prevails as the weekly closing is expected below this support trendline. Although a few hours won't make any difference, in case of any reversal the closing inside the channel is not going to be beneficial either. Since it is trading below the 7DMA, what I expect for the upcoming week is Sol testing the $120 and $100 levels respectively. If not $120 then a bounce back could be expected from the price of $100. So if you're planning to buy the dip then hold your money for a couple of days more. This could be the final stage of accumulation and as the altseason index says it is still cheap. #SolanaStrong #LayerZero #CryptoTradingGuide

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YOUR TRADE IS YOUR RESPONSIBILITY I've seen people posting screenshots of their ongoing trades (mostly in losses) and asking a public opinion on whether they should hold or exit. Let me tell a blatant truth that may sound harsh to many of you and some would troll me for this in comments, but you need to hear the truth: "If You Didn't Ask for any advice before opening the trade, then you must not come seeking advice to decide the fate of the trade." In investing and trading, one very difficult thing to do is to accept your losses. I've often seen posts on Binance Square from people saying "Hold on to his crypto! It will bounce back for sure, Mark my words!!" and so on. Especially in memecoins who have been the star performers of this bull run ($PEPE , $FLOKI ...). They'll advise you and maybe for once you implement that advice. What Next? To be precise they're trying to reassure you to reassure themselves because they themselves are at a loss and have invested much, much too late. But right now you're losing my friend and if you're thinking that "Not sold, Not lost"(in case of spot), then you're making a huge mistake. Duly my thought process in this post applies for futures, but it holds significance for spot trading as well. If you know one of your investments is bad and will continue to decrease in value, you shouldn't keep it just because you're at loss on it and on principle, you don't sell at a loss. There are many other opportunities in the market, it's stupid not to take advantage of them by leaving your money at a losing position. So accept that you made a bad decision and stop asking for advice by posting screenshots. If you believe it has potential and has all the good reasons to bounce back then hold it or else if the opposite is most likely to happen, sell it. Trust me you'll minimise your losses and earn much more, even if you feel like you're lost in the moment. I hope you'll try to implement this at some point in your journey. #CryptoTradingGuide

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Why The German Govt Is Up On Their Toes Selling Bitcoins? 🤨 Why aren't they Holding? This is ridiculous, whether their intentions are to crash the market or whatever, this isn't stopping the institutions and they're buying more. Recent acquisition of Microstrategy of over $700M worth of Bitcoins is one prime example and there's more to come. Crazy is another word for crypto. #MicroStrategy

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Should You Buy These Star Solana Meme Coins to Hold Forever?

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