a fake safe zone is what I note as, a place where most traders will place their Stop Loss, because the zone gives them a FEELING of SAFETY
but that isn't actually SAFE
usually, previous ATH are considered fake safe zone
meaning, price will eventually rally so hard to a new ATH and take all the SL above previous ATH
also, note that in crypto, especially altcoins, price can dump 58% and still have the bullish market structure intact, then rally hard to new ATH
so that's why it's important to DCA
spot is always better than futures imo
educational purpose only
nfa
but that isn't actually SAFE
usually, previous ATH are considered fake safe zone
meaning, price will eventually rally so hard to a new ATH and take all the SL above previous ATH
also, note that in crypto, especially altcoins, price can dump 58% and still have the bullish market structure intact, then rally hard to new ATH
so that's why it's important to DCA
spot is always better than futures imo
educational purpose only
nfa