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CRYPTO MECHANIC
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Highest monthly close on
$BNB
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BNB
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CRYPTO MECHANIC
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One of the biggest mistakes traders make is getting emotionally attached to a position or a direction. You want the market to go up or down because of your bias but the truth is, the market doesn’t care what you want. Charts > Emotions Your feelings won’t make you money. Your bias won’t make you money. But reading the chart, following the trend, and listening to market sentiment can. If the trend is bullish, go with it. If it turns bearish, adjust. Don’t try to fight the market just because your analysis said something else. Sometimes we want to prove we’re right. But in trading, being right doesn’t matter being profitable does. Forcing your analysis on the market is like trying to swim against a strong current. You’ll just get tired and lose money. The easiest and smartest way to win in trading is Go with the flow. Let the chart tell you the story. Watch the sentiment. And move with the market, not against it. Simple rule: React, don’t predict.
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Nothing much to discuss on $ENA , it needs to breakout of this series of lower highs. Over all still a bullish looking chart as price is holding above the key 0.500's zone.
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Not surprised $ETH got rejected from $3700's $3500-3550 is good LTF zone, As long as its holding above it, We will see the breakout eventually.
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$XRP Still looks fine, Nice fake-out below the lows. As long as price is holding this zone, the chart looks fine to me.
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$SUI I still want to see it reclaim $3.600 - 3.700. Unitil then still not too confident on this chart. Important zone to hold - 3.15 - 3.300
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