As you can see VARA has broken out of the squeeze. It has completed the head fake followed by a confirmed pipe bottom and healthy wick. Price action has bounced significantly forming a higher high and a higher low with a confirmed pipe bottom and good reaction off of the golden pocket which consists of massive orders waiting for you to sell into. As a swing trader you are REQUIRED to take liquidity at the top or bottom of a range because THIS IS YOUR MONEY. Don't apologize or care, if someone wants to stick their neck out and place liquidity out there for you to grab TAKE IT! That is your money! Market makers who are liquidity firms have the job of smoothing out the price action to make it more profitable for their clientele and they CANNOT afford to lose even the smallest percentage of profit because they are trading the skim edges of the price action. Thus, when you take liquidity you move the market in the opposite direction. This is why I say over and over, trade the range until it breaks because when it breaks YOU and this random team of swing traders we are part of WILL be the ones to move the market and we will have collected ALL of their bag before the big move up. Everyone always worries about market manipulation and I have news for you as a swing trader you are adding health and longevity to the market. Every time you trade you add volume, you move this coin up the coinmarket rankings and as it moves up it gains notariaty and attention because that move up the rankings IS a buy signal to many traders. Thus celebrate the pull back, celebrate the move up but trade it, take insurance shorts, double up your longs, it is all going to pay you back one day.
Trade the range, good luck, and good night my friends.
Here are pivot levels:
$0.0145-$0.0150 (Bullish pocket)
$0.0220-$0.0260 (Bearish Pivot)
Expansion leading to bullish breakout (Price will go up)
Trade the range, good luck, and good night my friends.
Here are pivot levels:
$0.0145-$0.0150 (Bullish pocket)
$0.0220-$0.0260 (Bearish Pivot)
Expansion leading to bullish breakout (Price will go up)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.