0.0818's $TA 16% violent stretch is all fake moves. Today's Fear and Greed Index is 71, close to extreme greed — last time it was at this level was the 0.069 low, and three days later it dropped over 12%. Funding rates have simultaneously spiked to 0.03%, with longs overcrowded — every time this happens, a wave of liquidation follows.



Looking at the chart: 0.0862 is a strong resistance, and a breakout without volume is a bull trap. My discipline is to neither exit nor chase highs now, but wait for a retrace to 0.075 to build a position. Set stop loss at 0.072, take profit at 0.088.

Dare to vote here: Do you believe it will break to a new high, or will it retrace and trap people? I bet on the latter — when sentiment is extreme, the turning point is the best entry.

Follow my signals, and don't be one of the ones washed out.
TA17.53%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned