$LTC Recently just went through a clearly amplified surge-and-dip selloff, yet the order book urgently displays a “strong support” dead-grip posture.
Don’t mistake this hollow resistance for a bottoming-out signal. After large funds dump with heavy volume, the so-called order-book support is never truly the protective buying funds stepping in—it’s a smokescreen before the shorts build up their momentum.
Heavy-volume downside paired with this kind of stagnant, barely-moving dead-stretched chart is most likely to lull whatever remaining confidence inside the market. The longer this false support holds, the greater the explosive power of the subsequent real breakdown to the downside. Don’t take illusions for confidence—blindly fighting it will only cost you more.
#LTC
Don’t mistake this hollow resistance for a bottoming-out signal. After large funds dump with heavy volume, the so-called order-book support is never truly the protective buying funds stepping in—it’s a smokescreen before the shorts build up their momentum.
Heavy-volume downside paired with this kind of stagnant, barely-moving dead-stretched chart is most likely to lull whatever remaining confidence inside the market. The longer this false support holds, the greater the explosive power of the subsequent real breakdown to the downside. Don’t take illusions for confidence—blindly fighting it will only cost you more.
#LTC