Just as we discussed yesterday, the Sucker's Rally on $BANANAS31 is happening right on schedule.
But don't be fooled. This slow, weak climb is not a recovery.
Its a carefully designed trap to make you believe the worst is over and that its safe to buy again.
Why is this happening?
Big players need buyers so they can open their large sell positions at a better price. This rally creates those buyers (we call this liquidity). Your buy the dip order becomes their opportunity to sell.
My Game Plan is Simple and Unchanged: Patience.
I am not buying this. I am waiting for the price to walk into my target Shorting Zone.
My Target Zone: The big Price Gap left from the crash, which is a magnet for price. This area is around ~$0.01250 - $0.01500.
What I am Waiting For (My Signal to Act):
I won't just sell blindly when it gets there. I will wait for clear signs of weakness, like:A quick price spike above a recent high to grab stop losses.
The upward trend starting to break down on a smaller chart.
A strong red candle showing that sellers are taking back control.
The Real Trade:
Once I see that confirmation, I wll be looking to open a short trade (a sell). My target is still the same: break the old lows around ~$0.00750, and then push for new lows.
The smart money is setting a trap. The real opportunity is not in buying this small rally, but in selling it from a much better level.
What's your move? Are you taking the bait or are you waiting with me for the real trade?
Disclaimer: This is my personal market analysis and is for educational purposes only. It is NOT financial advice. All trading involves high risk, and you can lose your capital. Please Do Your Own Research (DYOR) before making any investment decisions.
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