Alien Worlds Stop-Loss Hunt Event... Clear As Day! (360% BU-Pot)
This, ladies and gentlemen... What you see on the chart mapped with a yellow "cup pattern," is a classic "stop-loss hunt event." Let me explain.
➖ The main support level was established February 2024. After a small rise, a bull-trap, a strong crash follows and moves below support. Now that a new low is in, we are seeing a swift and strong recovery.
➖ Once prices move below support, all the stop-loss orders are activated. Buyers/holders with no stop orders become discouraged and sell, at a loss. Then, out of nowhere, you see a very strong green candle and the market is followed by growth. We normally tend to sell at the bottom and as soon as it moves, it is already too late... We failed victim of a losing trade. Trading psychology. This is why it is so important to trade/focus/plan long-term.
Now we expect a strong recovery and prices moving up. But this are early signals; approach with caution.
Thanks a lot for your continued support.
Namaste.
➖ The main support level was established February 2024. After a small rise, a bull-trap, a strong crash follows and moves below support. Now that a new low is in, we are seeing a swift and strong recovery.
➖ Once prices move below support, all the stop-loss orders are activated. Buyers/holders with no stop orders become discouraged and sell, at a loss. Then, out of nowhere, you see a very strong green candle and the market is followed by growth. We normally tend to sell at the bottom and as soon as it moves, it is already too late... We failed victim of a losing trade. Trading psychology. This is why it is so important to trade/focus/plan long-term.
Now we expect a strong recovery and prices moving up. But this are early signals; approach with caution.
Thanks a lot for your continued support.
Namaste.
Comment
We are looking at a higher low currently, so the pair continues bullish. So far so good.
Patience is key.
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