This chart in the image is of $PEPE , I analyzed it and realized that it continues in a downward trend despite some appreciation, if we look at the daily chart it is quite visible its trend, it tried several times to rise, but without success, it formed many significant resistances that were never broken in any attempt at correction.
Pepe is a fallen project, it is not, but being a meme it does not have much to attract large investors, I am not saying that you should not invest in them, think before doing so.
I continue to test my strategy to start in the market for #FutureTarding in the coming months, the test is being conducted with $MUBARAK e during the training period I learned some trading skills that I promise to share in the future with all interested parties.
$MUBARAK continues to rise indicating the presence of large investors, this is visible from the chart, they continue to prevent short-term traders from pushing the price down.
$MUBARAK is trending, investors show some interest in it and this is visible from the chart. The breaking of the resistance will lead the price higher; if a rejection occurs, it is likely to start going down.
Don't get optimistic until you see its value liquidated.
Up and Down, both require the trader almost the same thing: patience, calm, and strategy. In the up phase, we can be optimistic enough to believe that the price will rise to give us the profit we imagine; this happens when we lack strategy, calm, and patience. The last two mentioned are some of the greatest skills of successful traders; without them, the trader will be just a player who never sees their money grow.
Now I want to talk about $BNB , as you can see on the chart, there was a small rise that may signify the beginning of a correction, but why is it going down? Well, the answer is quite simple: in the market, there are long-term and short-term traders. Normally, this event happens because of short-term traders who realize liquidity, but it is also necessary to learn to analyze the chart to avoid a hasty exit or entry. Because sometimes a small liquidity does not mean an interruption of an uptrend or correction; to avoid this, it is necessary to understand the basis of every movement made in the market.
We saw the crypto rise strongly due to the bulls, but short-term traders took profits that were interrupted by bulls who formed a support that I consider significant, the breaking of this support will increase the likelihood of seeing the bears push the price down.
I decided to take a look at the chart of $BNB , given the structure presented it deserves constant monitoring, it formed good supports and few significant resistances thus increasing the probability of a possible correction in the coming days.
This is not advice, but buying now may be worth it as long as you do not engage in speculation.
Hearing the emotion at the wrong moment makes you lose control, $OM is trending, but defining your profit is essential to avoid your money being liquidated.
This is not the result of speculation, but of constant training. Develop a strategy after months of training, and today I put it into practice and you can do the same, the #Binance gives us the opportunity to be good players with the demo trading account, it was there that I learned some market patterns and I believe you can learn too. The test was done with $ETH one of the most popular cryptos.
This market is incredible; in 24 hours, the asset can increase by more than 50%, which is a great opportunity to see money grow quickly, but certain requirements must be met for this to happen.
The big opportunities are the hardest to catch, so it is necessary to persist in studying this pattern that makes prices rise like this.
It's very simple to see when a crypto begins to create interest among investors and the crypto community; just look at its market value or daily appreciation. But I want to talk about $C98 , its chart is trending upwards, confirming what I just mentioned earlier. It has appreciated and suffered liquidity, but investors continue to hold it, following the resistance as you can see from the marking. You know what will happen next if it is broken.