$DOT is down 2.7 percent. Ask yourself who is selling it to you at this price
Most traders chase the green top gainer and get trapped right away
Look at $DOT sitting at 31 percent of today's range after falling from the 7 day high of $0.91300
The buyer stepping in here is taking the bag from someone who bought higher and is now dumping their loss
When volume is just 1.2x average and RSI sits at 41 there is no real strength driving the move
You are not buying a discount you are just catching falling knives while the early sellers exit
Wait for the range to clear before you risk your cash
What is your number one rule to stop chasing green candles
#DOT #TradingTips
Most traders chase the green top gainer and get trapped right away
Look at $DOT sitting at 31 percent of today's range after falling from the 7 day high of $0.91300
The buyer stepping in here is taking the bag from someone who bought higher and is now dumping their loss
When volume is just 1.2x average and RSI sits at 41 there is no real strength driving the move
You are not buying a discount you are just catching falling knives while the early sellers exit
Wait for the range to clear before you risk your cash
What is your number one rule to stop chasing green candles
#DOT #TradingTips