let's think the unthinkable
Updated
Greetings, fellow traders! In my previous post, I expressed confusion regarding the prolonged price pump of TRBUSDT. However, upon further analysis, I realized that my perspective was limited to the 1-hour and 4-hour charts. By switching to the 1-day or 1-week chart, the price action becomes much clearer.
Current Market Outlook:
Based on the new insights, I believe it is now safe to consider long positions until the next funding fee charge. Here are some factors supporting this view:
1. Breakout of Previous Resistance: All previous resistance levels have been broken
2. Most Recent Resistance at 80: This presents a potential target for the upward move.
3. Funding Fee Impact: The recent funding fee did not trigger a significant downfall, suggesting underlying strength in the current rally.
4. Bear Magnet Backfill: My indicator has detected a bear magnet waiting to backfill(img above red block), indicating the possibility of further upside movement.
5. Previous High Not Revisited
Target and Risk Management:
The safe target for this trade is around 80, with a potential extension to 95 if the bear magnet blocks do not reject further upward movement. However, it is important to note that entering a long position at this stage may involve FOMO (Fear of Missing Out). To minimize risk, it is advisable to employ the "scaling" technique, where smaller amounts are traded to control exposure and move your SL slowly toward profit to prevent sudden dump.
Warning and Conclusion:
It is crucial to highlight that this trade carries significant risk. For those lacking sophisticated risk management strategies and ongoing monitoring capabilities, it may be prudent to refrain from entering at the middle of this apex pump. The unpredictable nature of the market makes careful observation a rewarding strategy in itself. Profit opportunities aside, ensuring prudent risk management and vigilant monitoring should be the priority.
So, fellow traders, stay alert and cautious. Remember, taking necessary precautions and avoiding impulsive actions may benefit you more than simply focusing on the desire for immediate profits. let's ride this wave with care, and , do not take naps!
Current Market Outlook:
Based on the new insights, I believe it is now safe to consider long positions until the next funding fee charge. Here are some factors supporting this view:
1. Breakout of Previous Resistance: All previous resistance levels have been broken
2. Most Recent Resistance at 80: This presents a potential target for the upward move.
3. Funding Fee Impact: The recent funding fee did not trigger a significant downfall, suggesting underlying strength in the current rally.
4. Bear Magnet Backfill: My indicator has detected a bear magnet waiting to backfill(img above red block), indicating the possibility of further upside movement.
5. Previous High Not Revisited
Target and Risk Management:
The safe target for this trade is around 80, with a potential extension to 95 if the bear magnet blocks do not reject further upward movement. However, it is important to note that entering a long position at this stage may involve FOMO (Fear of Missing Out). To minimize risk, it is advisable to employ the "scaling" technique, where smaller amounts are traded to control exposure and move your SL slowly toward profit to prevent sudden dump.
Warning and Conclusion:
It is crucial to highlight that this trade carries significant risk. For those lacking sophisticated risk management strategies and ongoing monitoring capabilities, it may be prudent to refrain from entering at the middle of this apex pump. The unpredictable nature of the market makes careful observation a rewarding strategy in itself. Profit opportunities aside, ensuring prudent risk management and vigilant monitoring should be the priority.
So, fellow traders, stay alert and cautious. Remember, taking necessary precautions and avoiding impulsive actions may benefit you more than simply focusing on the desire for immediate profits. let's ride this wave with care, and , do not take naps!
Note
update :TRB is exiting the apex phase at 1h chart. usually this meant the pump is over. and the open intrest droped to 80M.
but considering the MM of this coin is especially greedy, the first feeling i got was it was a bear trap.
reminder for this coin need to check the 1d chart , 1h/4h dont really provide helpful insight
Note
on the day chart , for the possibility of retracement, this should probably back to 37-34 bull magnet block for some fuels. but chance are low. current bearish candle probably is a dip, which a stophunt . long army , never for a second to think MM is your friend. because they just show you their gun.
Note
Advice: exercise safe measure , trade in HTF , less emotional tilt and less SL hit, less losing tradeOrder cancelled
anyone who follow this thread this a warning . possible capitulation drop might happens . risk is too big for long . mission aboard. closing my long to protect capitals
Note
its still in a up trend . will think about open long after the drop . this ideas thread end hereNote
and realize un like my previous posts . high risk ideas like this post helps no one . will only post concrete bias in the future
Note
really feel have to be very responsble here . capitulation might happen , but theres big magnet block up there. so in theory , would drop unless it eat that up firts (stop-hunt), wait for clear signal to short . or you just feuling MM's farraris
Note
tomorrow is a new month candle. big posibility to drop . the hard part is finding an entry . will post new ideas when i find one, stay tune:)Note
target reached at 80
Target Higher, Aim Better.
Try MethodAlgo today:)
Try MethodAlgo today:)
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