The Gold Standard of Trading: Patience & Structure
Stop Revenge Shorting the Spikes
Seeing a sharp pump and immediately hitting short is a fast track to liquidation. If you don't know the market bias, wait. You don't need to capture every candle to stay profitable; you only need the high-conviction trades.
3 Market Phases You Must Identify:
Acceleration (Pump/Dump): Heavy momentum pushing directionally.
Consolidation: Range-bound movement where price digests the move.
Distribution: Smart money offloading prior to a trend reversal.
The Core Principle:
Pay attention to candle closes, not the wicks ("wings"). Wicks reflect temporary volatility and liquidity grabs, but bodies confirm true market control. If the direction is unclear, sit back—doing nothing is an active position.
#ETH #bnb #TAO
Stop Revenge Shorting the Spikes
Seeing a sharp pump and immediately hitting short is a fast track to liquidation. If you don't know the market bias, wait. You don't need to capture every candle to stay profitable; you only need the high-conviction trades.
3 Market Phases You Must Identify:
Acceleration (Pump/Dump): Heavy momentum pushing directionally.
Consolidation: Range-bound movement where price digests the move.
Distribution: Smart money offloading prior to a trend reversal.
The Core Principle:
Pay attention to candle closes, not the wicks ("wings"). Wicks reflect temporary volatility and liquidity grabs, but bodies confirm true market control. If the direction is unclear, sit back—doing nothing is an active position.
#ETH #bnb #TAO