📈 Cryptocurrency Retraces & Corrections | Buy Opportunity!
As prices either grow or shrink, move up or down, there are always retraces and corrections in between, this is considered normal market action.
Notice the bear market on the left side of the chart, while we have strong bearish waves there are always periods of corrections, upward moves within the down-wave.
Now notice the action the Cryptocurrency market has been producing since November 2022, while it has been growing since, there are always red weeks in between. In fact, there are as many red candles as there are green.
Five steps forward, three steps back.
➖ When the market takes the time to move back and retrace, that's an opportunity to enter if you missed the initial bullish wave.
➖ When prices are crashing down to later trade either low or near support, that's the best time to buy before everything grows.
➖ When prices grow fast and new resistance levels are met everyday, that's the time to sell.
Each time a strong resistance level is hit, a retrace or correction tends to develop.
👉 Corrections and retraces are a great opportunity buy-in, rebuy and reload.
This is not financial advice.
Remember to build a plan before trading, there is always risk involved.
Choose your targets before-hand, as well as a stop-loss.
Thank you for reading and for your support... It is appreciated.
Namaste.
Notice the bear market on the left side of the chart, while we have strong bearish waves there are always periods of corrections, upward moves within the down-wave.
Now notice the action the Cryptocurrency market has been producing since November 2022, while it has been growing since, there are always red weeks in between. In fact, there are as many red candles as there are green.
Five steps forward, three steps back.
➖ When the market takes the time to move back and retrace, that's an opportunity to enter if you missed the initial bullish wave.
➖ When prices are crashing down to later trade either low or near support, that's the best time to buy before everything grows.
➖ When prices grow fast and new resistance levels are met everyday, that's the time to sell.
Each time a strong resistance level is hit, a retrace or correction tends to develop.
👉 Corrections and retraces are a great opportunity buy-in, rebuy and reload.
This is not financial advice.
Remember to build a plan before trading, there is always risk involved.
Choose your targets before-hand, as well as a stop-loss.
Thank you for reading and for your support... It is appreciated.
Namaste.
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🔝 Cryptocurrency Technical Analysis
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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