Haarshyfx
POND/USDTthis is my overview on this pair.
crypto are full of herds. stupid traders who get slaughtered every single time due to FOMO. i only take trade based on how others react. buy when everyone is selling and sell when everyone is greedy like a MOFO
if the pair does not resonate with me in terms of pricing and the background. i would just let go of it. most people are too dumb to understand to buy $1 for a discounted price. this applies to crypto even when the price is quite high. if you do not understand this concept or whatever i'm saying, then you must be a complete sheep trader.
I take trade based on risk, margin of safety and not reward. that one comes second. when you switch your stupid herd mentality only then you can see changes.
ONE/USDTWhen market already move up quite high, many novice traders will jump into try to make a few bucks from believing that its gonna continue like it did before. \
market is now dropping in price due tto thos who bought at the bottom before the rally are out of the market.
better to wait for the market to really bleed down before entering in. when everyone thinking it is going to drop in value, and start selling massively thats when you have to buy from them at a discounted price.
CELR/USDTas for this pair, it has gain so much of move up and now expecting for buyers to push little higher from the help of hers jumping into the pair due to FOMO, so once all the early buyers from the bottom cashes out then, profit taking and price will start to drop to zones where gradually buyers will jump into.
staying out and only waiting for the bottom and the good price to enter.. its okay to miss opportunity. there is so many
Live trade on this pairSince the market has been going down so much, a lot of people would be disinterested in this kind of pair. Most traders wants to see trades that are moving a lot. But for this pair, it’s not showing any good signs as for now, it’s still going down but from my point of view, the price is around o.o2 which what I feel is buying concept of buying £1 for 0.20. Buying at a discounted price. Even if market drops, I do not mind as I can dollar cost average my buy so that even if it goes down, I buy to bring my average price lower.
Stop Loss Hunting for USDCADFor this pair, Now the price is at the bottom of the range structure. From what iI anticipate that those who buy just from looking at the support and resistance will place their stop loss right bottom of the range stucture where the stop loss hunting will take place and wipe off all the buyers and also the FOMO traders who bought earlier. So when the Stop Loss hunting is done, then Most traders will think that this is a Sell opportunity which will trick them into selling. this way they will continue the initial move up after taking all the stop loss.