Whether Binance Life will enter a second phase of its upward trend depends on whether it consolidates sideways or breaks out upwards in the next few days.
If these conditions are met, those who bought spot during this wave have a chance to at least touch 0.23, or even 0.28. However, if the rebound is followed by a decline, then sentiment will be amplified, and a further halving due to a stampede is quite possible.
Don't say there won't be a stampede, because many people who bought spot during this wave followed the market and bought some, but probably less than 10% managed to take profits.
How do newcomers engage in psychological warfare? It's roughly about holding on to small losses, panicking when it breaks down, and continuing to hold on on rebounds?
Why not sell on rebounds? Because many people set expectations when they bought in. These expectations might be unrealistic, but they subtly influence you. This is a quote from a book about human nature I read. #BinanceLife