If you're still buying $ORDER after a 62% day without a level that says you're wrong, stop now.
The painful part is the FOMO entry near the highs. Price already cooled hard off 0.075, and plenty of people who chased that spike are now stuck watching it sit just above 0.055, unsure whether to cut or hold.
Bears have a fair case. A move that large usually needs time, and if 0.0535-0.055 fails, the "next leg" talk dies fast and late longs get punished. Bulls point at the same zone and say the damage is already in the chart. Hold that shelf and a push back toward 0.066 is still a realistic trade, not a fantasy.
I'm with the buyers, but only while that zone is actually defended. Support first, then the next leg. Lose 0.0535 and the setup is gone, no matter how strong the day looked on $BTC or anywhere else.
Are you treating this dip as a reload, or is the easy part of the move already over?
#ORDER #Altcoins #OrderlyNetwork
The painful part is the FOMO entry near the highs. Price already cooled hard off 0.075, and plenty of people who chased that spike are now stuck watching it sit just above 0.055, unsure whether to cut or hold.
Bears have a fair case. A move that large usually needs time, and if 0.0535-0.055 fails, the "next leg" talk dies fast and late longs get punished. Bulls point at the same zone and say the damage is already in the chart. Hold that shelf and a push back toward 0.066 is still a realistic trade, not a fantasy.
I'm with the buyers, but only while that zone is actually defended. Support first, then the next leg. Lose 0.0535 and the setup is gone, no matter how strong the day looked on $BTC or anywhere else.
Are you treating this dip as a reload, or is the easy part of the move already over?
#ORDER #Altcoins #OrderlyNetwork