Guys, I’m really nervous right now 🥹😞 My liquidation is at $1.39 and it’s getting close, because $PIPPIN is pumping 🥺🥺 $PIPPIN is near my liquidation… what’s the best move now? 🫣😓
My Biggest Mistake to Believe on $EDEN and Buy it at the $0.75 After lots of Thinking But Now its Dump to $0.5 and I am in Loss of 50% Anyone Please Suggest can I stay on Hold or Sell it on Loss Any Experts Please Help ? #EDGEN
bye crypto, my last moments. no words the market cracked all sudden. now, i am left with $70 from $1000. I don't know what I am going to say my parents 😭. I worked with my analysis and last month turned my $400 investments into $1200 recovering all my losses (was very proud of myself). But now, i am done... I thought they broke the resistance and bulls were strong backed with a good news. But i was wrong. $BTC
What Should You Do? The decision to go long or short depends on your trading strategy and risk tolerance. Here is an analysis of both scenarios: Arguments for "Long" (Buy): Bullish Momentum: The recent price increase of +7.61% and the current bullish MACD crossover suggest that a short-term uptrend might be beginning. RSI: The RSI is not in the overbought zone, which means there is still room for the price to move up without an immediate correction. Potential Reversal: The price has found some support around the current levels, and the bullish signals from the MACD and RSI could indicate the start of a reversal from the recent downtrend. Arguments for "Short" (Sell): Overall Downtrend: The price action on the larger timeframe is a clear downtrend with lower highs and lower lows. A single day's bullish movement could be a temporary bounce within a larger bearish trend. Resistance Levels: The price is approaching a resistance level around the EMA(25) and previous swing highs. If it fails to break above these levels, it could be a good opportunity to short. High Volatility: PUMP is a highly volatile asset. This makes it suitable for quick trades, but also carries significant risk. A sudden "pump and dump" is always a possibility. Conclusion and Recommendation Based on the technical indicators, the immediate short-term outlook is bullish. The MACD crossover and the positive price movement suggest a potential upward move. However, given the context of the larger downtrend, a more cautious approach is recommended. For a high-risk, short-term trade: You could consider a LONG position, with a tight stop-loss. An ideal entry point would be on a confirmed breakout above the current resistance level, with increased volume. For a more conservative approach: It would be prudent to WAIT for a clearer signal. A strong confirmation of a trend reversal would be the price breaking above the EMA(99) and the previous high of around 0.0035. Conversely, if the price fails to break the resistance and shows bearish candle formations (e.g., a bearish engulfing pattern), it might be a good signal to SHORT the asset, anticipating a continuation of the main downtrend .