Strong Pump Done 💵 Now Market Cooling Down (Retest Phase)
$MYX
,$BLESS
, $COAI
After a strong rally, the market is now showing big red candles, which means sellers are taking profit. This is normal after a sharp move. It looks like a retest and correction phase, not a full trend reversal yet🔸
Price usually comes down to test support after a big pump. If buyers defend this zone, the trend can continue up. But if support breaks, then a deeper correction can happen.🙄
Right now, best approach is simple:
Wait for support hold for long entries
Or wait for breakdown for short setup
No rush ... let the market show clear direction first.
#Binance #Write2Earn
$MYX
,$BLESS
, $COAI
After a strong rally, the market is now showing big red candles, which means sellers are taking profit. This is normal after a sharp move. It looks like a retest and correction phase, not a full trend reversal yet🔸
Price usually comes down to test support after a big pump. If buyers defend this zone, the trend can continue up. But if support breaks, then a deeper correction can happen.🙄
Right now, best approach is simple:
Wait for support hold for long entries
Or wait for breakdown for short setup
No rush ... let the market show clear direction first.
#Binance #Write2Earn