$NEAR The time is still early for selling; don’t rush.
Logic says that correction is necessary after the big rise and the rocket-like surge. This increase has led to the liquidation of many weak positions or those gambling with high leverage.
But there is another logic in trading at this stage: the real war begins between the selling whales and the buying whales. Those who have a large margin in their portfolios are kept away from liquidation. So it is necessary to wear them down through funding fees and by stabilizing the price.
The violent moves we will witness are the exits of these whales or the strengthening of their positions.
I’m not entering trades here—I’m just watching the chart, as if I’m following the Spanish classic.
Be careful....
Logic says that correction is necessary after the big rise and the rocket-like surge. This increase has led to the liquidation of many weak positions or those gambling with high leverage.
But there is another logic in trading at this stage: the real war begins between the selling whales and the buying whales. Those who have a large margin in their portfolios are kept away from liquidation. So it is necessary to wear them down through funding fees and by stabilizing the price.
The violent moves we will witness are the exits of these whales or the strengthening of their positions.
I’m not entering trades here—I’m just watching the chart, as if I’m following the Spanish classic.
Be careful....