Yesterday, there was a big dump 📉. Who would have expected that? Well --- you could say that after the battle, everyone is a general. But in this case, there were some decent clues which were, perhaps, ignored?
I looked at the situation retrospectively. After the rally, a small retracement hasn't managed to establish strong bottom support yet to bounce even further. Below was a long area of low volume - who would put buy orders there? Stop-loss squeeze enabled ✅✅✅. So it burst through some levels which were weak anyway and was put to an end near another.
I am strongly against excusing loses with "manipulation", evil 😈 Wall Street or whatever. It is always better to take responsibility for any loses you might have and ask yourself what you could have done better. Blaming events outside of your control won't make you a better trader. A retrospective analysis, on the other hand, does possess such a chance.
Good luck!
I looked at the situation retrospectively. After the rally, a small retracement hasn't managed to establish strong bottom support yet to bounce even further. Below was a long area of low volume - who would put buy orders there? Stop-loss squeeze enabled ✅✅✅. So it burst through some levels which were weak anyway and was put to an end near another.
I am strongly against excusing loses with "manipulation", evil 😈 Wall Street or whatever. It is always better to take responsibility for any loses you might have and ask yourself what you could have done better. Blaming events outside of your control won't make you a better trader. A retrospective analysis, on the other hand, does possess such a chance.
Good luck!