$SUI



6th try was spot on for SUI

As mentioned in my previous post SUI was testing the highs for the 6th time. Sooner or later one of these tests should make it. Most of the time i check them from the 4th on. Every try after has a higher probabillity for succes if the older test failed.

SUI mad a clean breaktrough and retested the line of resistance making it support. Volume is good but we can also see that the bear volume is rather high in the red candles.

Due to the new ATH there will be more and more people taking proffits at certain levels of the fibonacci trend for example.

DYOR and take proffits along the way or move the Stop loss towards lows that should not break anymore.

Next lever should be between $5,24 and $ 5,34 because that is where the next liquidity is hiding.

$APE



By December 2nd, Apecoin managed to grow 355% since its August 2024 low. A retrace followed and bullish action is again developing after the establishment of support.

Good eve...

The 350% target on the chart might seen small, but using the August low as starting point, reaching this target would amount to more than 1,200% total growth on this pair, APEUSDT. But this doesn't mean that here the bullish action will end.

We go little by little, wave by wave, step by step.
I am mapping for you the next bullish wave. Likely.

Just as we saw two weeks red after the early December peak, there will be retraces and corrections all throughout the bull-market, prices never move straight up. Instead, there are some zig-zags, swings; then the shakeouts, surprises, squeezes, etc.

We should not concern ourselves with these.
After we buy we focus on the target only, patience is key.

There is nothing to do, ever, you can only buy and hold.
You can only buy, one.
You can only sell, two.
The market allows for no more actions.

Between the buying and the selling is the holding period. It is not a decision or action but rather a process. Once you buy, it is mandatory to wait. Once you sell, again, wait. That's the holding phase.

I can buy low and wait patiently, the market takes care of the rest.
I can set my sell order on target now, right after buying. When the target hits, collect profits and move on.

If I don't set my sell order on target I open the possibilities of making mistakes. When prices are up, I start to wonder if it will go higher. Should I continue holding? Should I buy more?

It is easier for me to set it and forget... Greed must be avoided to produce a successful trade.

But what if it goes higher and I sold too early?
Buy the one that is very low and repeat the same process. Be grateful for your profits and move on.

If it goes higher, wait until the wave is over and a new support is established. Buy again at support.

Never when the action is ongoing.
Never buy based on an impulse.

The reason is because this impulse will play the entire trade. If you bought on an impulse it means you have no plan, so you will also sell on an impulse, and this can result in the creation of bad habits, bad habits will result in losing over the long-run.

Sit down, write it down and see how your profits grow.

It is never about catching the exact top nor how much higher can it go. That's greed speaking. It is about having the right entry, the right timing and closing the trade when prices are up.

Just as you set your stop-loss price before an actual correction develops, so also you set your target before an actual impulse develops.

One variation: You don't need to be 100% right 100% of the time. When in doubt, you can sell portions of your stack. What if it continues rising but your target has been reached? You want to hold but also want to sell. This is normal, the mind can fight itself. Sell a portion until you feel calm. When you feel balanced again, start building a new plan so you won't find yourself in the same situation in the future.

Many people use a trailing stop.
Others hold long-term and let the market take care of the rest.
Others try to catch every single wave. The last group tend to fool themselves and lose money all the time.

The real traders, wait for the right moment... Track the market, catch the big wave and enjoy while prices rise.

SHORT or LONG. Wait for the trend and take action.

We are entering a bullish trend now.
We are now in a new bullish impulse. Now is the time to buy and hold.

No need to rush, no need to hurry; no anxieties.
You will see how your capital grows as the market grows.

After selling, learn to stay out and learn to cool yourself.
This is very important...

I will give you more in another article.
This is already going too long.

Thank you for reading.

Namaste.