Liquity Trades Above Multiple Support Levels, Trading Strategy

26 Okt

Right now we have some bearish Altcoins and some bullish ones. The mid-size and small size cap. ones being bearish is part of a retrace from the recent bullish move. These Altcoins hit bottom in August and September and went to produce an initial bullish breakout, transitioning to bullish territory after moving above long-term support, as Liquity is doing here. After this bullish breakout, coming out of a major correction, there is a retrace. This retrace ends in a higher low and then we get additional growth, so there is no problem, this is normal market behavior.

Every few months this same pattern can repeat. We get several months of growth and then several weeks of retrace. This dynamic creating an uptrend with higher highs and higher lows.

The big ones, the Crypto-giants, have to undergo a bigger correction because some are trading pretty high, near resistance, but this doesn't change the bigger chart structure. Any correction on these pairs will end as a long-term higher low which will eventually convert into a new bullish wave.

For us, spot Cryptocurrency traders, what is important is to buy low. The swings will continue, the shakeouts and all of it. The market won't stop existing nor being, players will continue to play. We have to separate the talking points, the conservation with our trading and goals. We buy low and it becomes easy to hold for growth. We buy low and it is easy to profit long-term.

If we buy at the top of a wave, big or small, it can become messy, or even expensive, pretty fast.

Now, the only hard part is to find the right pairs and to have the right timing, I understand; but, I am here doing exactly that, I am showing those at the bottom with perfect timing. They look strange, there is no movement, no excitement and they look dead, but these are the ones that move. Those that tend to look pretty good are most of the time at the top and then they crash and we end up in red pretty fast.

Here Liquity is moving above resistance. Resistance now turned support. Check LQTYBTC:

Can you see it? We get them when prices are low, down. That's the best way to do it. Even after the retrace, we still end up green. Now, if you buy at the top of a wave it becomes hard. Still, if you focus on the long-term all is good, because we simply wait since prices will be many times higher in 2025.

We focus on the right entry, patience and/or having a good plan.

Liquity looks good but it can fluctuate before going up. Short-term anything goes, but long-term it is sure growth.

Namaste.

7 Des

Trade aktif

Today LQTYUSDT (Liquity) reaches a major milestone, the highest prices since April 2023.
A resistance that was established in October 2023 has been conquered as well as a lower high in March 2024.

This is the strongest Liquity has been in years...