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As a trader, whenever you come to trade the market, you should always check the news to know what’s happening in the world and which news events are indicating the direction of the market. This is especially important for spot traders who are only going long. Otherwise, you will be investing in darkness . These news events influence the market, and right now the market is bearish.(Alternative slightly smoother version:)As a trader, every time you approach the market, make sure to check the news to understand what’s happening globally and which developments are driving the market’s direction. This is particularly crucial for spot traders who only take long positions — otherwise, you’re trading blindly . News events directly impact the market, and at the moment, the market is bearish. SENTIMENT ANALYSIS
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My analysis failed and hit Stop Loss. So what was the problem that caused it to hit Stop Loss instead of Take Profit? The problem was that when I analyzed the coin, the candlestick showed that the trend was in an uptrend. I usually use two more indicators as confirmation, but this time I became aggressive and refused to follow my trading rules. That is what caused my analysis to hit SL. Whenever you trade and your trade hits SL, and you refuse to check what caused your analysis to fail, it means you are not going anywhere. This is because you didn’t identify the problem so you can solve it and prevent it from happening next time. If you want to remain a long-term profitable trader in the market, you must always review your mistakes and learn from them.
Always DYOR 🤝📚
Abdoul_Mx
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Hausse
$MYX {future}(MYXUSDT) MYX is sitting in a strong support showing a reversal of the trend 📈 with the reversals candlestick of Hammer and a confirmation of inverted Hammer in 1D TF I hope MYX will respect his resistance level of $6.6 or $7.5 in the upcoming days NFA DYOR 🤝
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$MYX MYX is sitting in a strong support showing a reversal of the trend 📈 with the reversals candlestick of Hammer and a confirmation of inverted Hammer in 1D TF I hope MYX will respect his resistance level of $6.6 or $7.5 in the upcoming days NFA DYOR 🤝
$ORBS in 1D TF it wanted to break the resistance that's my Market Structure in 4h TF it want to retest the strong support and there is huge increase in volume, so this is a sign of bullish in 4h there is rounded bottom which is a bullish chart pattern but is valid only if it break the resistance and retest or confirmation, so for me here will wait for my 4h TF to close so that will get my confirmation we know we are not entering market on the candlestick that's not close as our confirmation or retest. so let's see it together where it will drive us
my post it's NFA always DYOR 🤝📚💯
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