everyone thinks a sideways grind on $MOVR means it's loading up for a pump but actually this looks like the classic liquidity trap before a dump.
ngl ser this is how traders get wrecked. they see the range and fomo in expecting the breakout up, then have no idea when to exit when the real move is down.
the earlier analysis on this actually played out. predicted the drop then the bounce and both happened. now it's just ranging, accumulating a lot of liquidity on both sides.
i expect it to chop sideways a bit longer to grab even more. then one final upward wave to squeeze the last of it, followed by a sharper decline this time.
seen similar setups play out on $GLMR and other $DOT ecosystem names.
anyone else watching this or am i just being paranoid?
#Moonriver #Altcoins #Crypto
ngl ser this is how traders get wrecked. they see the range and fomo in expecting the breakout up, then have no idea when to exit when the real move is down.
the earlier analysis on this actually played out. predicted the drop then the bounce and both happened. now it's just ranging, accumulating a lot of liquidity on both sides.
i expect it to chop sideways a bit longer to grab even more. then one final upward wave to squeeze the last of it, followed by a sharper decline this time.
seen similar setups play out on $GLMR and other $DOT ecosystem names.
anyone else watching this or am i just being paranoid?
#Moonriver #Altcoins #Crypto
