đ Are you also wondering, holding a position that just dropped and lost most of its valueânow you donât know whether to move or not, and itâs still frustrating?
Look at this long lower wick that $H just got hammered down with. It touched the 0.1 USD level three times in a row, and the buy pressure forced it back every time. That wave of extremely high volume selling just got dumped, but it didnât even manage to print a new low. This is completely a signal that the short sideâs âbulletsâ are all used up.
Historical cycle validation: for coins of the same category that form this kind of patternâdumping more than 30% with long lower wicksâthe probability of a rebound next is over 80%. Get in quicklyâdonât hesitate. If you go long, set buy orders to cover the 0.104â0.11 range. Take profit on the first target at the 0.17 resistance level before this leg down. On the second target, go straight for the prior heavy liquidity zone around 0.22. If it breaks below 0.1 USD, just stop out unconditionally.
Do you think what I said is right or wrong? Drop your take in the comments and weâll verify it later.
#H
Look at this long lower wick that $H just got hammered down with. It touched the 0.1 USD level three times in a row, and the buy pressure forced it back every time. That wave of extremely high volume selling just got dumped, but it didnât even manage to print a new low. This is completely a signal that the short sideâs âbulletsâ are all used up.
Historical cycle validation: for coins of the same category that form this kind of patternâdumping more than 30% with long lower wicksâthe probability of a rebound next is over 80%. Get in quicklyâdonât hesitate. If you go long, set buy orders to cover the 0.104â0.11 range. Take profit on the first target at the 0.17 resistance level before this leg down. On the second target, go straight for the prior heavy liquidity zone around 0.22. If it breaks below 0.1 USD, just stop out unconditionally.
Do you think what I said is right or wrong? Drop your take in the comments and weâll verify it later.
#H