The trap traders always fall into
Whales always buy when you’re afraid to enter the market, during a downturn or correction. They quietly accumulate the coin. How can you tell? You may see that the coin is still low, but overbought conditions are starting to rise (rsi(6
The coin then starts to rise a little, and you’re the one pushing it up with your buys, while the whales start selling. You’re the one buying, afraid of missing the opportunity. Once you feel reassured and see the market rising, they finish selling. They then pull out some of the liquidity, leaving you trapped and liquidated. They always repeat the same thing.
So learn to move with the whale, not against it, and don’t chase the price.
$BTC
Whales always buy when you’re afraid to enter the market, during a downturn or correction. They quietly accumulate the coin. How can you tell? You may see that the coin is still low, but overbought conditions are starting to rise (rsi(6
The coin then starts to rise a little, and you’re the one pushing it up with your buys, while the whales start selling. You’re the one buying, afraid of missing the opportunity. Once you feel reassured and see the market rising, they finish selling. They then pull out some of the liquidity, leaving you trapped and liquidated. They always repeat the same thing.
So learn to move with the whale, not against it, and don’t chase the price.
$BTC