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CRYPTO MECHANIC
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CRYPTO MECHANIC
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Every time my feed gets overexcited about a coin, I zoom out and look at the bigger picture.
A lot of accounts are talking about $ROSE right now, but this is what the weekly chart actually looks like.
Price is still trading below a major HTF supply / previous support zone that has already been tested multiple times. What was once support can turn into resistance like the last time it broke $0.035 retested it, got rejected and then dropped 75%.
Yes, you can get short-term pumps. Yes, lower timeframes can look exciting.
But zoomed out, the structure is still weak and price is fighting overhead supply, not breaking it. If it does, That's where you look for entries and play the big swings.
This is exactly how narratives trap people hype on the timeline while the higher timeframe tells a completely different story.
Always zoom out.
A lot of accounts are talking about $ROSE right now, but this is what the weekly chart actually looks like.
Price is still trading below a major HTF supply / previous support zone that has already been tested multiple times. What was once support can turn into resistance like the last time it broke $0.035 retested it, got rejected and then dropped 75%.
Yes, you can get short-term pumps. Yes, lower timeframes can look exciting.
But zoomed out, the structure is still weak and price is fighting overhead supply, not breaking it. If it does, That's where you look for entries and play the big swings.
This is exactly how narratives trap people hype on the timeline while the higher timeframe tells a completely different story.
Always zoom out.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ROSE
0.01667
-12.81%