Got some free time and want to know why market dumped ?
i posted few reasons on Monday that why we can see some red candles this week. give it a read 👇🏻
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CRYPTO MECHANIC
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A brief thoughts on $BTC and the rest of the market
I think this is going to be a big week not only because Bitcoin is now at one of the key area on chart but based on the market sentiments as well. So many traders can get hurt
There are people right now who are trying to short meme coins or other coins pumping hard, thinking it will dump soon and getting liquidated.
And the same time as market is going up on the first day of new week clearly shows how euphoric the bulls are we can see the fomo in the market. Do not be surprised if you see some red candles stepping in to liquidate these fomo buyers this week as well.
What you should be doing in this situation ?
Well if you are the one trying to short the market , don't be a hero and stop doing it as you're playing a guess game and you don't know how high the market can squeeze.
And if you're the one feeling fomo the first thing is try to ignore the coins where everyone is rushing or take the calculated risk only. There will be countless opportunities if you missed these.
I will not recommend anyone to be over exposed to market this week as the sentiments are at the peak, in the time like these preserving your capital is more important than taking an unnecessary trade and lose it.
#TrendingTopic #BTC
I think this is going to be a big week not only because Bitcoin is now at one of the key area on chart but based on the market sentiments as well. So many traders can get hurt
There are people right now who are trying to short meme coins or other coins pumping hard, thinking it will dump soon and getting liquidated.
And the same time as market is going up on the first day of new week clearly shows how euphoric the bulls are we can see the fomo in the market. Do not be surprised if you see some red candles stepping in to liquidate these fomo buyers this week as well.
What you should be doing in this situation ?
Well if you are the one trying to short the market , don't be a hero and stop doing it as you're playing a guess game and you don't know how high the market can squeeze.
And if you're the one feeling fomo the first thing is try to ignore the coins where everyone is rushing or take the calculated risk only. There will be countless opportunities if you missed these.
I will not recommend anyone to be over exposed to market this week as the sentiments are at the peak, in the time like these preserving your capital is more important than taking an unnecessary trade and lose it.
#TrendingTopic #BTC
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