ShoGunKai

After the capitulation event where KUCOIN delisted TRIAS, the coin was offered to market at an extreme discount thanks to FUD. Most won’t see these opportunities as buying opportunities, just like they won’t like this current setup where it has broken structure to the upside on the weekly and is currently being offered under the 61.8 retracement level.Volume spiked with the FUD as concerns were raised over the inability to withdraw the asset from KUCOIN, leading to a large cascade of price. On the other side of every losing trade there is a winner, and in this example the winner was buying at a discount from the FUD sellers.Where the weekly saw a large bullish expansion, it left an inefficiency in price that the market has now balanced, and the asset has been “fairly” offered to both buyers and sellers.This is a pivotal point as it needs to now either run above $8 and ideally push toward $20 or challenge the lows made earlier this quarter, and the notion will be seen in volume on both price and time volume profiles; when volume increases as price increases it is a good indication of a strong trend.Risk should always be aggressively and independently managed.