As we can see on the chart below, the hive price is currently on pullback. Which is great! why? cause this will give the trend more power to the next rally and make opportunity for us (Longterm investor) to accumulate more and more Hive and Power up to Hive Power.
The key is to buy on pullback whenever the trend pause. The good sign of a pullback is the low volume, it means many people are not willing to sell their position. But many people are also not yet a buyer since they are still waiting for a good opportunity to buy. It's either to buy lower to buy on a breakout.
Why would they buy on breakout when the price is more expensive on that area?
Cause they want to make sure that the trend and the momentum of the trend will continue to go higher and higher. For those type of buyer also think the faster the better.
Well for me, not stressful trade or position or momentum trade is the best. Since this type of trading doesn't need to monitor the prices all the time. You just wait that your money will make more money.
The chart is on Binance chart by the way.
Happy investing Hiveians!!