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#QUICKUSDT short SL 0.027000
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Wild Man
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Why is SU Token Hitting All-Time Lows Despite Resistance Levels? Someone opened a long trade right at a strong resistance level on SU token but instead of bouncing, the price is dropping fast and has now hit a new all-time low. So… what’s going on? 🤔 Here are some key reasons why this happens, even when technicals "look good": 1️⃣ Market Sentiment Rules When overall sentiment is bearish, resistance/support levels are often ignored. Traders may keep selling out of fear or lack of trust in the project. 2️⃣ Weak Fundamentals If the project has no updates, poor utility, or fading community support, it naturally drags the price lower regardless of chart levels. 3️⃣ Low Liquidity In low-volume tokens like SU, even a few big sell orders can crash the price. The resistance level becomes meaningless without buyer strength. 4️⃣ Broken Supports Become Resistance What was once a support may have already flipped into resistance. And if there's no demand, prices just keep falling. 5️⃣ All-Time Low = No Historical Support Once a coin hits price levels it’s never seen before, there’s no "floor" to catch it. It can keep falling until real buyers step in if ever. 🔍 Lesson: Always combine technicals with current sentiment and fundamentals especially in volatile or micro-cap coins like SU. #BinanceSquareFamily #SU #LearnTogether
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Short TPs. 0.0906, 0.0878, 0.08219, 0.07098
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In futures trading, holding isn't valued the same way as it is with gold. Sometimes it's wiser to secure your capital than to risk greater losses by holding onto a falling position
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Where do you post your trades? Let the wild men try their luck too!
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Always Remember This ; 🐃 🐂🐃 Bulls make money, 🐻🐻 🐻 Bears make money, 🐷🐖 🐷 Pigs get slaughtered. #Binance #BTC #ETH #FOMCMeeting
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