🔥TWT: wait for the next bull trap to open a trade!

7 июн. 2022 г.

Volumes have not increased since the bull trap. This means that the bulls have not yet liquidated and the price can go lower.
When the price falls to the trend line, the volume also did not increase, which shows the lack of interest from the buyer and additional bad signal.

📊Which scenario is more likely?
A slight rise in price to the second value zone of $0.65-0.67 and a second bull trap, this time with increased volumes, which will show a large number of trades in this zone. This will give additional confirmation that the price is not going to move higher: short traders sell their TWT to long traders and the price goes down, while long traders become fuel for the fall, selling the altcoin lower and lower.

📊Targets:
1. $0.55 - key level.
2. $0.45 - key level below which a lot of liquidity for big players to open their long trades. This is the area of massive liquidation and retail traders capitulation zone.

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.