A wealthy businessman had amassed millions and decided that at last he would take a year off, devoting his time to family and pleasure. At that moment, the Angel of Death appeared before him. Realizing the inevitable, the businessman tried to buy his way out: — Give me three more days to live, and I’ll give you a third of my fortune! The angel refused. Then the businessman pleaded: — Give me at least one hour, so I can say goodbye to my loved ones, and I’ll give you all my billions! The angel replied: — One hour of your life is worth exactly as much as your entire empire. But all your life, you spent that hour chasing pieces of paper that are worth nothing now. Moral: Money can buy luxury, but it is powerless to extend life, even for a moment.
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It is impossible to accurately predict with 100% certainty where the correction will stop, but technical analysis identifies three key levels that the price is very likely to target: Nearest support level ($1.3000 – $1.3100): The psychological threshold and the previous range of heavy trading before the last upward impulse. If buyers hold this level, a first short rebound is possible here. Main liquidity zone ($1.2200 – $1.2500): The consolidation range (sideways movement) from which the main pump started between 09:00 and 10:00. If $1.3000 is broken, the price is highly likely to move to this area to cover the impulse (imbalance fill). Deep correction / Full retracement ($1.1800 – $1.2000): The lower bound of the morning accumulation and the area of the 24-hour minimum ($1.0570 slightly lower). If the market moves below $1.2200, the trend completely loses its bullish momentum.
When I worked on my own, every day I earned at least 100$ ; as soon as I started listening to other semi-experts and cryptocurrency gurus, I began to go into the red