Moving more than $1.65B in USDT volume and soaring to $82.83 is not a normal market move.
We’d been seeing the price compressed in the lower-$28 range, and now it made a vertical spike that nearly touched $85.42, sweeping up everything in its path. With the KDJ’s J line breaking above 102, overbought conditions are at their absolute limit. When an asset rises this vertically, retail euphoria goes through the roof, but chasing this candle without risk management is basically buying the exit directly from the whales.
Are you taking advantage of the momentum, or would you rather wait for the bloodbath when they decide to pull the brakes? Let me know below.
SEND IT HIGHER! 📈🟢
$SOXS #BinanceSquare #cryptotrading #Higher #PerpetualsChallenge
We’d been seeing the price compressed in the lower-$28 range, and now it made a vertical spike that nearly touched $85.42, sweeping up everything in its path. With the KDJ’s J line breaking above 102, overbought conditions are at their absolute limit. When an asset rises this vertically, retail euphoria goes through the roof, but chasing this candle without risk management is basically buying the exit directly from the whales.
Are you taking advantage of the momentum, or would you rather wait for the bloodbath when they decide to pull the brakes? Let me know below.
SEND IT HIGHER! 📈🟢
$SOXS #BinanceSquare #cryptotrading #Higher #PerpetualsChallenge
