3 HOUR REVERSAL CANDLE IN CONFLUENCE WITH OVERBOUGHT CONDITIONS
Hello traders,
3 hour chart here.
Everyone is calling for a full blown reversal after just one bullish daily candle.....this is how traders get sucked into buying higher during bear markets while big money is getting there shorts filled by you.
Overbought conditions, and a reversal candle with a massive doji.
25x long liquidations around $30,888 - $31,111.
Stay safe, and never chase green candles. Same goes for red candles.
Why?
Liquidations/stop hunts will always come before the next major move, it's just how these markets we're designed to move and flow.
3 hour chart here.
Everyone is calling for a full blown reversal after just one bullish daily candle.....this is how traders get sucked into buying higher during bear markets while big money is getting there shorts filled by you.
Overbought conditions, and a reversal candle with a massive doji.
25x long liquidations around $30,888 - $31,111.
Stay safe, and never chase green candles. Same goes for red candles.
Why?
Liquidations/stop hunts will always come before the next major move, it's just how these markets we're designed to move and flow.