✴️ ThorChain | Better Safe Than Sorry

One last hurray?
One last jump?
The final jump?
Or simply a bull-trap?

Notice how here Thorchain (RUNEUSDT) still trades within a lower high... This is true for Solana, XRP, ADA and many other major Altcoins.

➖ This pair is getting closer to a correction.

WARNING: Bullish only above the last high ($7.30).
👉 Any trading below this level and high potential for a correction is active (going down).

Better safe than sorry.
We like those that are trading low/near support. Once they are high up, it becomes too risky.

Buy low, sell high.

Namaste.

Comment:

What we are seeing now is the loss of support; bearish confirmation...
What will happen next is speed, the drop will speed up.

Just match the action from October through December but in reverse.
It will be a strong drop and it will be nasty because people became complacent thanks to the hype surrounding the Bitcoin Spot ETF.

You and me, we can see this clearly now... But the rest is "waiting for confirmation", they don't know, they will only know when prices trade before their entry point.

All this information is shared for learning purposes... With your financial-well-being in mind...

Thanks a lot for your continued support.

Namaste.

Comment:

We have a 30% correction so far, which is huge.

RUNEUSDT is dropping below Fib support and EMA100.
RSI becoming weaker yet this is only the beginning, much more red expected in the coming days and weeks and then a long drawn out recovery, it will take months.