TWT Short Setup : Rising Wedge + AMD🚫

The world of crypto can be full of surprises, and today, we're looking at the TWT token. It recently took a steep plunge from a colossal rising wedge pattern. However, before considering a short position, it's crucial to remember that trading is not just about patterns but also about market manipulation. 📊

The Rising Wedge Pattern:

Rising wedges are typically bearish patterns, signaling a potential price decline. But in the realm of cryptocurrencies, it's essential to exercise caution, as market manipulation can play a significant role. 🚫📉

The Manipulation Factor:

Detailed photo how AMD by wyckoff looks like :

While technical patterns can offer valuable insights, it's essential to recognize that market manipulation can disrupt the traditional signals patterns provide. Traders should remain vigilant and not solely rely on patterns. 🃏

Trading Strategy:

If you're considering a short position on TWT:

Patience is Key: Wait for a retest of the wedge's border as resistance. This can provide a more favorable entry point.

Risk Management: Use risk management tools like stop-loss orders to protect your investments.

Stay Informed: Keep a close watch on TWT's performance and any market news that could impact your trading decisions.

Conclusion:

Trading in the crypto world is a blend of art and science, where patterns can offer insights, but market dynamics can be unpredictable. Recognize the influence of market manipulation and trade wisely.

It's crucial to approach trading with caution, stay informed, and adapt your strategy to the ever-evolving market conditions.

Remember that while patterns can guide your trading decisions, they're not infallible, and market manipulation can add an extra layer of complexity.


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