This is probably the best example I found in recent years to demonstrate. That your bias is irrelevant, that being bullish or bearish is the most dumb low iq that ever existed here.
For a real trader directional bias, holding an emotional direction “because” reasons… It is simply a direct testimony of how amateurish your behavior can be.
You read the chart, develop a strategy that tells you where the invalidation is and you trade that with patience AND discipline. You get the invalidation, you ADJUST your stance, and move on, one day at a time!
That way you don’t miss pumps, and you don’t hold to any loss. That’s why it is IMPERATIVE to know IMPORTANT levels, to execute proper R:R when things change…. $DOGE
That's why you don't claim to know the future. As usual, remember to leave the bull/bear fight to the amateurs.
It is just important to understand that this is a game of probabilities. That's it. In this case, DOGE gave us the invalidation discussed in the previous tweet. Right now, the tables have turned and the invalidation is the opposite. AS LONG AS the price stays above the KUMO, it should trend upwards. The two main WP levels on the chart. $DOGE
As you can see, the price is right in the middle of the major support and the major resistance. Meaning, this is the place for chop, where the R:R is 1:1 for shorts and longs. I suggest trading with minimal risk.
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