✴️ SOLUSDT Says Down | Technical Analysis, Easy Or Hard?

11 февр.

Reading charts is really hard... Technical analysis.

Why is it hard?

Because everybody can see the chart and groups of people with large amounts of funds can "paint" the chart, it is easy to find what is called "fake signals."

For example, Solana peaked 25th of December and has been trading within a lower high since; No new highs in almost two months.

The trading volume continues to decrease and after the classic dead-cat-bounce, the chart is pointing lower...

What is hard about that, you ask?

The hard part is that everything can suddenly change... After a massive 1,479% bullish wave that lasted 361 days; it is normal, expected and even necessary to see a correction before the market moves ahead.

The truth is that it is easy to read charts... The hard part is getting our ego out of the way.

We tend to have our own bias and project this into what we see, but we cannot fool anybody because the market knows best.

Sometimes we make mistakes... Many times we make mistakes but, if technical analysis works, we can be wrong about timing but not about the bigger picture or else we really just don't know.

We've been here before... After Solana goes down, it will definitely recover and move back up.

How do I know this?
I got this information from the chart.

Namaste.