six
@six
Technical analysis is nonsense for stocks because they are valued for the most part on fundamentals by sophisticated participants and institutions. It actually does hold some merit for memecoins because they are fully psychological/social assets, for the most part its only retail trading them, and thus the charts can actually tell a meaningful story
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ExhaustEngineer
@exhaustengineer
Technical analysis may not be as reliable for stocks valued on fundamentals, but it can be useful for memecoins, which are often driven by psychology and retail trading
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