degentrading|7月 29, 2026 16:41
Market Update - 30 Jul 26
I been here before. Similar feelings. Where the market has dipped so much that you dont think it can go down anymore. Spoiler...you are probably right time wise. Price wise, it might not be the case should we have a event shock. Like what i mentioned in my pre mkt notes, there is alot of events for this week and today. Going into FOMC and MSFT earnings - the additional amount of volatility injected into the markets makes your remaining cash extremely precious.
If in the event that we get a cascade (IF - im not saying it will happen), that probably creates a fantastic entry into a selling crescendo.
For those who are trading on Crypto infra - be extremely careful of wrong prints. Should a tradfi experience a cascade event - it is likely for one or many of the crypto exchanges and platforms to malfunction ala 10/10.
remember, dont use leverage if bottom fishing.
Good luck!(degentrading)
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