$AVAX
Exactly as predicted - classic seller trap.
This is called a stop hunt or liquidity grab.
See what happened:
1. Sellers dumped from 10.40 to 10.29 in 3 big red candles, your RSI went to 9
2. They hunted all stop losses below 10.30
3. Then one huge green engulfing candle from 10.30 straight to 10.35 - all sellers trapped
Now RSI jumped from 9 to 48 in one candle. That means buyers are back.
Game play is simple:
Big players create panic on 1m, weak hands sell at bottom, they buy cheap and pump back.
If you bought around 10.30 as we discussed, you are already in 0.5 percent profit in 2 minutes.
Now watch 10.40 again. If price holds above 10.35, next move is back to 10.38 to 10.40.
$SOL
#BinanceSquareTalks
Exactly as predicted - classic seller trap.
This is called a stop hunt or liquidity grab.
See what happened:
1. Sellers dumped from 10.40 to 10.29 in 3 big red candles, your RSI went to 9
2. They hunted all stop losses below 10.30
3. Then one huge green engulfing candle from 10.30 straight to 10.35 - all sellers trapped
Now RSI jumped from 9 to 48 in one candle. That means buyers are back.
Game play is simple:
Big players create panic on 1m, weak hands sell at bottom, they buy cheap and pump back.
If you bought around 10.30 as we discussed, you are already in 0.5 percent profit in 2 minutes.
Now watch 10.40 again. If price holds above 10.35, next move is back to 10.38 to 10.40.
$SOL
#BinanceSquareTalks
