$MAGMA Sideways consolidation could be the start of the main rally
It plunged 35% last night—how did it manage to V-shaped recover? Long liquidations totaled $1 million, so you’d think people would be more cautious about trading a coin this volatile. But hourly buying volume during today’s consolidation reached as much as $250,000.
That shows bulls have a strong willingness to buy the dip. But with a deep pullback, a long lower wick, and prices stabilizing, the chances of a fakeout are quite high. And right now, there’s no shortage of capital in long positions!
The strategy is to focus on shorting rallies. If this really is a fakeout, price will almost certainly push back up near a new high to lure in more longs. Posts on the Square are delayed, so get the short entry level first 👇
$AKE $BTW
#币安神算子 #股票财报季
It plunged 35% last night—how did it manage to V-shaped recover? Long liquidations totaled $1 million, so you’d think people would be more cautious about trading a coin this volatile. But hourly buying volume during today’s consolidation reached as much as $250,000.
That shows bulls have a strong willingness to buy the dip. But with a deep pullback, a long lower wick, and prices stabilizing, the chances of a fakeout are quite high. And right now, there’s no shortage of capital in long positions!
The strategy is to focus on shorting rallies. If this really is a fakeout, price will almost certainly push back up near a new high to lure in more longs. Posts on the Square are delayed, so get the short entry level first 👇
$AKE $BTW
#币安神算子 #股票财报季