🔋G2E is a new kind of Game-fi and Stepn is the most capitalized G2E! After a local PUMP, the price could test a key level. I will show you an alternative scenario where you can open a long.
🔶Let's mark the key zones on the chart:
key level of $2.97
key value zone of $3.15-3.43
two local trend lines
🔻On the chart we could see a local pullback of the price with a breakdown of the lower trend line. Long traders who accumulated a position in this value $3.15-3.43 zone will close their long trades. The price drop will be a trigger for stop losses, which will give liquidity to a large player to buy.
⚡To open a LONG it is important to wait for the test of $2.97 key level + volume growth (liquidation), which will show us the large player's willingness to buy.
🔥Don't forget about money and risk management! If you want to be a successful trader, it's important to follow these simple rules!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.