HAVE YOU EVER WONDERED WHY THERE ARE 'THESE' FACTORS THAT WOULD AFFECT YOUR TRADES?
Let's talk about them here.
Blocks, price zones, market sentiments and other factors that can affect your trades will always be present.
The existence of these factors in the market causes you as an individual to create trading decisions solely based on your own will but affected by the presentations of these factors into your psyche.
First, let's talk about the altcoin shown in this article. MEME has been sitting idly in a positive manner at its bottom. This is where accumulation happens. Acknowledging the accumulation happening from here will lead you to understanding the next phase which is the markup.
This is just one of the many factors that are present on this altcoin.
Another factor would be how the market values this altcoin. There are still speculations as to how this altcoin would lead to the revolution of memecoins and possibly surpass DOGE. This shared sentiment becomes a strong bond between hopeful traders mostly on the bullish side.
Now, do you get the picture?
Once the market believes something and they share these sentiments, these information, these analysis and so on. They get to form some type of bond that only the ones participating the market gets to understand.