Why technically analysis is important in trading

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·@kayceefresh·
0.000 HBD
Why technically analysis is important in trading
![](https://images.ecency.com/DQmUti4niMubYNeUVbrNS2KFKWMxk41sqGVp3mEPyU2cvf6/1743839127532.png)
This has been what I have been looking out for over the past few weeks hoping for a little bounce coz I could cut my loss from this trade but just as I wait the price of the asset keeps dropping forming a lower low virtually almost every time frame. My little 30$ I was supposed to play with In the market has virtually gone down to about 15$ which is 50% loss. 

![](https://images.ecency.com/DQmW6YgdSD2yF233NdieQjzBxvgb2ou3535ZnRRrKvGzyrc/1743839205819.jpg)

The funny part is I don't even know the fundamentals of the token I just openned a long position after zooming out some weeks ago and saw it's been dumping over the past 12 month and I thought it's about time for the coin to have a relief bounce, lo and behold it still keeps dropping on a regular bases forming new lows on a daily bases, also I opened a Hedge short, which I entered into late at a lower price just do push my liquidation price down.. Just hoping for a relive bounce so I can minimize my loss leave the market with my heads high. 
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