If you are still shorting every green candle near key structural levels, you need to stop now.
Most traders get trapped selling bottoms only to FOMO buy right at the peak when momentum flips against them. It is the fastest way to bleed your balance while watching everyone else catch clean continuation moves.
Looking at the chart right now, reclaiming the $0.21,$0.22 support zone was the critical turning point. The bears had their chance to force a deeper breakdown, but buyers absorbed the pressure and pushed the market back up to around $0.26. Some argue this is just an overextended relief rally destined to fade, but price action holding above prior support points to genuine strength.
If buyers maintain this structure, the next logical hurdle sits around $0.29,$0.30. Pushing through that level could easily open the path toward $0.316, especially as momentum builds across assets like $SEI and $ALGO .
Are you taking profits around $0.30 or holding out for the full breakout to $0.316?
#CryptoTrading #TechnicalAnalysis #BinanceSquare
Most traders get trapped selling bottoms only to FOMO buy right at the peak when momentum flips against them. It is the fastest way to bleed your balance while watching everyone else catch clean continuation moves.
Looking at the chart right now, reclaiming the $0.21,$0.22 support zone was the critical turning point. The bears had their chance to force a deeper breakdown, but buyers absorbed the pressure and pushed the market back up to around $0.26. Some argue this is just an overextended relief rally destined to fade, but price action holding above prior support points to genuine strength.
If buyers maintain this structure, the next logical hurdle sits around $0.29,$0.30. Pushing through that level could easily open the path toward $0.316, especially as momentum builds across assets like $SEI and $ALGO .
Are you taking profits around $0.30 or holding out for the full breakout to $0.316?
#CryptoTrading #TechnicalAnalysis #BinanceSquare