VELVET bottom 0.12 is really tough" - You just pierced through 0.12, right there, guys.
To be honest, a lot of people keep shouting “the bottom” mainly because they’re bag-holding there (self-delusion psychology). But splitting into many parts doesn’t necessarily mean it’s cheaper, and if you can only spike up to catch a single green candle, don’t rush to fantasize about a reversal.
If 0.12 really is a strong support, then at the very least the price should bounce and close a candle above it (reclaim). What’s happening with the wobbling and dipping below is too early to be calling “the bottom.”
Brothers jumping in to catch the falling knife with VELVET this stretch—let me ask you honestly: are you entering because you see a good setup/signal, or are you buying blindly just because it dumped so deep?
$VELVET $BTC #velvet #BTC
To be honest, a lot of people keep shouting “the bottom” mainly because they’re bag-holding there (self-delusion psychology). But splitting into many parts doesn’t necessarily mean it’s cheaper, and if you can only spike up to catch a single green candle, don’t rush to fantasize about a reversal.
If 0.12 really is a strong support, then at the very least the price should bounce and close a candle above it (reclaim). What’s happening with the wobbling and dipping below is too early to be calling “the bottom.”
Brothers jumping in to catch the falling knife with VELVET this stretch—let me ask you honestly: are you entering because you see a good setup/signal, or are you buying blindly just because it dumped so deep?
$VELVET $BTC #velvet #BTC