everyone thinks a bounce off support means the bottom is already in, but actually most fake recoveries die right in this kind of range.
ngl the pain is buying the green candle because you don't want to miss the move, then watching it lose the level you swore was safe. same trap whether you've been staring at $sui, $apt, or whatever else just printed a hopeful wick.
treat this chart as the case study. holding above $3.55 would support another attempt at $4.00, so the recovery is still alive if that level actually sticks. lose $3.40 and the structure weakens fast, which is exactly how late longs on something like $inj end up stuck while the move they chased never shows up. not drama, just the line on the chart. no plan for the breakdown and you're basically volunteering to be the exit.
are you respecting $3.40 here, or already leaning long?
#crypto #trading #altcoins
ngl the pain is buying the green candle because you don't want to miss the move, then watching it lose the level you swore was safe. same trap whether you've been staring at $sui, $apt, or whatever else just printed a hopeful wick.
treat this chart as the case study. holding above $3.55 would support another attempt at $4.00, so the recovery is still alive if that level actually sticks. lose $3.40 and the structure weakens fast, which is exactly how late longs on something like $inj end up stuck while the move they chased never shows up. not drama, just the line on the chart. no plan for the breakdown and you're basically volunteering to be the exit.
are you respecting $3.40 here, or already leaning long?
#crypto #trading #altcoins