$SYN : HOW WE ANTICIPATED THE SELLOFFS WITHOUT ANALYZING FOR 10 OR MORE HOURS
If you're still confused on how to ANTICIPATE the possible retracements of a highly surging token, then, you're in the right place.
Here's how you can do it.
First, verify whether the token have already increased more than 20%, sure enough, you can expect either one of these two: (1) a confirmed breakout, (2) a retracement caused by rejections. Next, once you've verified that the breakout happened and the token is sitting more than 20% now, it could be a 50%/80% or even more. From there, you can expect a retracement happening as selloffs will be rampant when the traders have already met the level of satisfaction for their target profit levels, discarding of whales' holdings to lure some buyers, etc. Next, within these levels, you can expect some major selloffs: 50%, 125%, 200%, 275%, etc. If you've noticed that the token you're looking at have already reached these percentages, you must immediately question yourself, "When will they do some major selloffs?" Asking yourself this question will make you more aware of the possible shifts in the current rally. Giving you better advantage than those who never question the market. Lastly, as long as you're able to label the major key levels of selloffs, you can take a well-informed decision making for your trades.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
