The more震, the more people exit the market. So will the follow-up be a downward decline, with the big players closing long positions with over 50% unrealized gains and retail traders being harvested by fee collection, or will it continue to fluctuate upward, with the short-term traders' liquidation lines getting lower after being exploited by fees?
Closing positions, decreasing volume, at high levels. This is not a good place to add to long positions, even a place to take profits at the bottom. But my FOMO has taken over, and I already expect the price to reach 50-60, based on the fact that the big players' willingness to sell is not strong. Moreover, the downward decline + high negative fees continue to extract value, which requires more time to brew, and more data will point to the final direction... Not adding positions, reducing the recent additions, and waiting for a possible secondary drop.
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The more震, the more people exit the market. So will the follow-up be a downward decline, with the big players closing long positions with over 50% unrealized gains and retail traders being harvested by fee collection, or will it continue to fluctuate upward, with the short-term traders' liquidation lines getting lower after being exploited by fees?
Closing positions, decreasing volume, at high levels. This is not a good place to add to long positions, even a place to take profits at the bottom.
But my FOMO has taken over, and I already expect the price to reach 50-60, based on the fact that the big players' willingness to sell is not strong. Moreover, the downward decline + high negative fees continue to extract value, which requires more time to brew, and more data will point to the final direction...
Not adding positions, reducing the recent additions, and waiting for a possible secondary drop.