All of us want to see the bull cycle continue and break this bull flag on the upside đ
But we have a major problem â
Retail aren't attracted to the crypto market.
However, with increased supply, low prices might make a strong case for retail.
Let's decode how it works
âą Bull Flag Breakout:
The current market structure shows a classic bull flag pattern, which is often a continuation signal in a strong uptrend.
However, to trigger this breakout and regain market momentum, we need more than just a technical pattern.
The market needs retail traders who bring liquidity and excitement to start entering.
But hereâs the catch: retail isnât in the market right now, and if theyâre not buying at these levels, they might be waiting for even lower prices to jump in.
âą Retailâs Hesitation :
Retail traders play a vital role in driving the market, especially during the early stages of a bull run.
However, their hesitation at current levels suggests that they might be looking for a deeper discount before they start buying in.
If this happens, we could see prices dip further, but that might not be a bad thing.
Lower prices could attract the retail crowd, setting the stage for a significant rebound.
âą Token Unlocks :
This is where token unlocks come into play.
As new tokens flood the market, supply increases, and prices may drop, creating a perfect storm for retail investors to enter.
The chart of upcoming token unlocks suggests that a significant influx of tokens is imminent.
This increased supply, combined with lower prices, could trigger the retail buying frenzy we've been waiting for.
Once retail enters, the bull market could gain serious momentum, pushing prices higher and sustaining the rally.
Let us know your stance on this, could the flourish of tokens in November would provide the short term dip that quickly gets eaten by retail to send the market higher?
Or we have to wait for some time to see this bull flag break the key resistance.
