Peak warning, emotions are beginning to backfire!
Just now, ETH Gas rose to 36.7 Gwei, which is a typical signal of overheated sentiment at high levels!
Do you think it's a bull market accelerating? What I see is a selling signal!
Can you still hold the coins in your hands?
Look at the candlestick chart:
The upper shadow is getting longer, indicating that selling pressure is starting to emerge as prices rise.
Trading volume is not keeping up, and the momentum is waning.
Bullish candles are turning bearish, sentiment is shifting from FOMO to panic.
This is not a takeoff; it's a trap designed to raise prices quickly for you to catch the bag!
Why do 99% of retail investors lose money? They perish at this step:
"It might push up a bit more, I'll sell then"
"If another bullish candle appears, I’ll break even"
"I missed this wave, I’ll catch the next one and it'll fly"
Wake up, buddy! The first candlestick of a pullback after a rally is the most poisonous candy coating!
How do I judge a peak?
First, look at the sentiment (the most real indicator in the crypto world is not technical, but human nature)
Second, look at the structure (if the uptrend structure breaks, and the pullback can't hold, short immediately)
Third, look at the trading volume (if there's no volume on the rise, that's not a breakout, it's a funeral)
Remember one thing:
It's not that you sell slowly; it's that someone else ran away before you!
Peaks are never when the news breaks, but when "everyone starts saying the bull is here."
If you are still fantasizing about getting rich quickly,
If you can't even understand the sentiment of candlesticks,
Then after this wave, you will become the next "low-level bag holder."
Don't say I didn't remind you, peaks always kill in a chorus of bullish voices!
Don't wait until a single position blows up to ask for help; a market you can't comprehend is just a cash machine for others to harvest!
