POPCAT Shows How Smart Money Buys the Dip in Bull Markets

According to analyst Altcoin Sherpa, traders waiting for textbook 50% retracements in strong bull markets may be missing the boat.

Popular analyst Altcoin Sherpa is highlighting a strategy that traders can use to identify buying opportunities in strong bull markets.

Here's What He's Saying:

As a trader, you may be used to thinking that in order for an asset to be a good buy, it needs to fall at least 50% from its highs. However, Sherpa says that this type of thinking can leave you sidelined in powerful bull runs.

Instead, he says that you want to be looking for these minor pullbacks and consolidations, which can be seen in the POPCAT chart:

“This is a good example of how buying the base of the asset after a minor cool-down is the more effective play in vertical markets. This is common knowledge but people still get obsessed with waiting for 50% pullbacks.”

The POPCAT chart shows three zones where the asset pulls back slightly from its highs and then forms a base. These zones, which are marked in green on the chart, represent ideal accumulation ranges ahead of the next leg higher.

After pulling back to the lower-green zone, POPCAT rallies to new highs and then pulls back again to the middle-green zone, where it becomes supported and sparks another rally.

The asset then meets resistance around the $0.80 level, which causes it to cool down once again and form a base ahead of continuing the uptrend.

As of the latest update, POPCAT is trading above $0.60 after another breakout from a fresh consolidation zone around $0.50. Volume is also increasing and momentum remains strong, which continues to favor the bulls.

What's Next For POPCAT?

POPCAT's price trends suggest that the next resistance level to watch on the upside is around $0.80, where it could face rejection and cool down again to form a base ahead of continuing higher.

If the bears manage to break the support at the lower-green zone around $0.40, then the next support level to watch is around $0.30.

However, with the pattern continuing to favor the bulls and support levels relatively close together, a decent move lower seems unlikely at this stage.

The post Smart Money Strategy: How to Spot Best Buying Opportunities in a Bull Market appeared first on OpenChain. output: Popular analyst Altcoin Sherpa is highlighting a strategy that traders can use to identify buying opportunities in strong bull markets.

Here's What He's Saying: As a trader, you may be used to thinking that in order for an asset to be a good buy, it needs to fall at least 50% from its highs. However, Sherpa says that this type of thinking can leave you sidelined in powerful bull runs. Instead, he says that you want to be looking for these minor pullbacks and consolidations, which can be seen in the POPCAT chart:

"This is a good example of how buying the base of the asset after a minor cool-down is the more effective play in vertical markets. This is common knowledge but people still get obsessed with waiting for 50% pullbacks." The POPCAT chart shows three zones where the asset pulls back slightly from its highs and then forms a base. These zones, which are marked in green on the chart, represent ideal accumulation ranges ahead of the next leg higher. After pulling back to the lower-green zone, POPCAT rallies to new highs and then pulls back again to the middle-green zone, where it becomes supported and sparks another rally. The asset then meets resistance around the $0.80 level, which causes it to cool down once again and form a base ahead of continuing the uptrend. As of the latest update, POPCAT is trading above $0.60 after another breakout from a fresh consolidation zone around $0.50. Volume is also increasing and momentum remains strong, which continues to favor the bulls.

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The move further reinforces the idea that momentum buyers, not patient bottom-feeders, are winning in this cycle.

Sherpa's takeaway is that in powerful bull runs, waiting for the perfect 50% pullback might leave you sidelined. Instead, look for these mid-cycle cooldowns and consolidations—and consider them the new "dip."

"In these types of markets, you want to be buying the base after a minor cool-down, not waiting for a full-fledged crash. Adapt or miss."

The post POPCAT Shows How Smart Money Buys in Bull Markets appeared first on OpenChain.