🔸 How to avoid losses on A HUGE🔥😱 move.
The simple rule is learn to hold your horses and sit on your hands for a confirmation!!!
why the fuck can't you do that😒
A long red candle represents Maximum Selling Pressure. Bears are in full control and aggressive.
According to the law of inertia, a falling object will tend to continue falling until it encounters a large enough resistance.
Buying when the candle is bright red means using your tiny account to stop a speeding freight train. 👉 You get crushed.
🔸 The Cheap Price Illusion:
In a Crash, supports are created to be broken.
$100 is cheap compared to $200, but expensive compared to $50. Don't guess the bottom; let the market show you the bottom.
🔸 The Standard Bottom Fishing Process Is Instead of Buying When the Price Is Falling, Wait for Confirmation:
Let the red candle finish its fall. Sit on your hands.
Look for long wicks (Pinbar), small bodies (Doji), or decreasing sell volume.
Wait for a Green Candle to appear and close strongly (Engulfing or Piercing).
Buy when price breaks the high of that Green Candle.
