From psychological point of view - price was going high and they was successful convincing literally everyone that it will continue to go up then all of a sudden they nuke on their euphoria, then those who are a little bit brave to take the short of it are being targeted along the ones who are seeing this a bull run continuation so they take in both ways and finally cause frustration for both short term bulls and bears, then when the price drops to the last leg there is no enthusiasm and that's when the real deal starts.
If you missed entry at first now is your second chance.
ARBUSDTPREVIOUS ANALYSIS
OTHER ANALYSIS
PEOPLEUSDT
RSRUSDT
NEARUSDT
GMTUSDT
RONINUSDT
Note
It is also a psychological game as much as it is Technical and FundamentalNote
Now you know why I hate STOP LOSS imagine I've set it at the initial level by now we would have been kicked out of the trade and you've also learned that trading require flexibility and being reactionary ARBUSDTNote
This trade is crazy man, can't believe I am still init, and that F it moment. ARBUSDTClearly gave you the psychological aspect as much as the technical
From psychological point of view - price was going high and they was successful convincing literally everyone that it will continue to go up then all of a sudden they nuke on their euphoria, then those who are a little bit brave to take the short of it are being targeted along the ones who are seeing this a bull run continuation so they take in both ways and finally cause frustration for both short term bulls and bears, then when the price drops to the last leg there is no enthusiasm and that's when the real deal starts.
If you missed entry at first now is your second chance.
Note
UPDATE ARBUSDT
Note
Well the journey continues for ARBUSDT moving just as I predicted. watch out for next update
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.