one of the trading strategies people follow is that trade against trapped traders!
For example if price is raising raising and OI reached plateau and squeeze fuel is dropping then its obvious that late longs are going to be capitulated!! If price drops a bit and net delta shows who is trapped and people ride capitulations!!
Similarly, If price is dropping lower lows and all traders who opened late shorts are going to be trapped if price bumps and the momentum uses trapped shorts as Squeeze fuel!!
This might not work ll the time but just my observation!!
The real problem is not Crypto but Retailers themselves!!
If i invest in Tesla, Hathway, Nvidia, Microsoft, Amazon, Netflix, Disney, Walmart,...... Investors will keep target of one year or even 2 years, and they keep track of all progress, earnings call, partnerships,.. and plan accordingly!!
This way they might see 2x -3x in 1-2 years! even if Tesla drops to 200 which it did and recovered back to 400 in a quarter or two!!
This is sustainable and gives ample opportunities to decide your position!
When it comes to Crypto your expectation is 10x in a week or month, 1000x in a month like $LAB and thats where the problem too!!
Where you expect 100x growth, you should tolerate 100x down as well arent you!!
Who you miss simple logic!! and then keep blaming Crypto!!
this is what i was telling!! why people are still behind LAB nd SkyAi scams!!
It just reminds me people were behind LUNC at 2022 when they knew it was scam!!!
IAmKiranKBS
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I always wonder and question why so many people take risky trades and scam projects like $SKYAI $LAB $H UB Siren .... when there are so many good trades like BTC, ETH, Solana, XRP
and if you want Alt Hype, Near, Zec, Wld, UNI, Ondo, Xlm, Ena,...
Ok you can loose money on projects i mentioned above but you get chance to exit or apply old school techniques like add margin, wait for support and rejections, average and partial exits etc
Retailers are always poor because of their own actions
I always wonder and question why so many people take risky trades and scam projects like $SKYAI $LAB $H UB Siren .... when there are so many good trades like BTC, ETH, Solana, XRP
and if you want Alt Hype, Near, Zec, Wld, UNI, Ondo, Xlm, Ena,...
Ok you can loose money on projects i mentioned above but you get chance to exit or apply old school techniques like add margin, wait for support and rejections, average and partial exits etc
Retailers are always poor because of their own actions
It looks like bounced for heavy support at 55 and recovered MA7 and moving towards MA25 where it has to break!!
I took my risk and entered into Hype at 58! lets see!! I have Stop Loss right below MA7 support and will exit if the support faded!!
but it looks good bounce with rising OI!!
IAmKiranKBS
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Good job faaam!! This is exactly we talked about it right yesterday?
The price was at 60-61 when we talked and it dropped 10%!!
I still say $HYPE is by far better project than 1000s of projects out there but is this the correct time to buy the pullback?
My answer is again Macro is still bearish!! and Hype capitulation can still happen because there were longs from 20$ and they all might be little panic and can potential sell offs can happen!!
Best thing to do right now is to wait a day more because just see yourself there 1.4M aggregated Long Liquidations!!
and third image shows we dont know whether those lines are sell order or buy orders.
If those are BUY orders then good we will see decent support and bounce from 50-55 else price will drop to 40 range!!
Thats why best trade now is to watch price movement and side of momentumm!!
I have one genuine question or even confusion over perps only Contracts binance lists!! Or perps Heavy Contracts like useless unproven perps with very very high leverage!!!
This becomes perfect platform for ToP LS Whales!! thats often the reason you will find Spot:Future volume ratio sometimes 300x which is pure casino and not sustainable at all!!
Recently, we talked about UB which was 300x and collapsed 50% in no time!!
Hence, if Binance has love on crypto please avoid this Perps Dance
Good job faaam!! This is exactly we talked about it right yesterday?
The price was at 60-61 when we talked and it dropped 10%!!
I still say $HYPE is by far better project than 1000s of projects out there but is this the correct time to buy the pullback?
My answer is again Macro is still bearish!! and Hype capitulation can still happen because there were longs from 20$ and they all might be little panic and can potential sell offs can happen!!
Best thing to do right now is to wait a day more because just see yourself there 1.4M aggregated Long Liquidations!!
and third image shows we dont know whether those lines are sell order or buy orders.
If those are BUY orders then good we will see decent support and bounce from 50-55 else price will drop to 40 range!!
Thats why best trade now is to watch price movement and side of momentumm!!
IAmKiranKBS
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I think we all were waiting for the $HYPE healthy pullback! Do you think is it now in healthy pull back?
My answer is yes but BTC macro is bleeding like hell! and people are super Panic and small leg down we will see major sell offs, liquidations, Microstrategy cant use cashflow and force to sell few to manage the cashflow!!!.... ZEC faced bug exploitation!..
So, Yea, Hype is in healthy pull back but Macros are not in its favour!
So Hype will either go sideways here or very slow bleed for 20% more!!
BTC, ETH, Solana have not yet claimed their support level yet!! Don't blindly jump with heavy leverage longs. The broader trend is still bearish and panic!!
The best trade is to just watch a day or two more! any greens here can be temporary halt for more Retailers Liquidity!!
This is also as speculative as $LAB and $UB but i see some catalyst on twitter!!
Is it sell the news pattern or genuine bullish?
My personal perspective is that Humanity is already 10x up now the question is are you giving liquidity to Top LS or joining the bullish momentum?
Just think who is having high risk here? Its obviously Long? Even Lab at 6$ was dangerous but it climbed till 24$ and the same Humanity can climb but he move is not ustainable!!!