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Lesson #6 Whenever a sharp drop occurs, it's more likely that the price will return to the zone from where it initially surged. In such cases, the price often does not cross the 50% retracement level until it retests the previous lows. In this chart, when ETH experienced a sharp dip and then started moving back up, that was the moment where traders who had set buy limit orders in that lower zone should consider selling during the retracement move — especially if the price approaches the 50% level but shows weakness. Summary: Sharp drop → return to base zone (demand area) is common. Price usually won't cross 50% retracement level until it retests lows. Limit buyers in the base zone should consider selling on the bounce rather than holding for more. $ETH
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Are you still waiting for the Bull Market and hoping for 5x to 7x gains? LOL. Where were you all when every coin was at its best prices? I've checked some coins, and each one has seen gains of at least 1x to 2x, even 10x and more. People seem to buy and sell without any real need. Trading is a game of emotions, so why not treat it as such instead of waiting for the perfect time? Because let's face it, the right time might never come. If everyone knows the game, then who will win? Note: Newly launch coins tend to be better for trading than old ones, and we can expect good returns in future
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Chart #1: $BTC BTC is currently at the Range Low and still acting as a strong support. So far, BTC appears bullish. The $69k level is very crucial at the moment. If it breaks, then things will change after $67.5k. Therefore, for now, treat it as a range low and trade accordingly. Don't Forget: Pre-Halving dump. As we all know, the market always does unexpected things instead of predefined ones, so plan your trades accordingly.
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Lesson#5: Don't get too attached to just one cryptocurrency when trading. If you've made money with one, try switching to another for your next trade. Sticking to the same one might make you take bigger risks and gamble instead of making smart trades. If you're trading against the trend, only use high leverage with a small amount of money for quick trades. It's better to trade with more money and lower leverage for longer-term swings.
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Lesson #4 Identification Of Support/Resistance getting weak? When you find out the the level is acting as a Support/Resistance you must see that the market respect that levels and bounce back In Historical Data you see that level as a good Support/Resistance , So you have to Identify its weakness on the behaves of Bounce back , If the bounce back getting weaker and weaker indication of its weak Lets ask a Question to yourself: if this support level were so good why are the bouncers so weak and why does the market keep coming back to it Same thing Applies For the Resistance Level if its getting weaker and weaker you will see a Breakout - downward if support getting weak and upward if resistance getting weak So more Test in the same direction = Weaker the Level [Support/Resistance] E.G: As you see in the below example Bounces getting weaker and weaker at support so we are seeing a Breakout
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BtcTurk Temporarily Suspends Cryptocurrency Transactions Due to Technical Issues
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