#ai16z Update 📉 Damn, what a drop! AI16Z has plunged over 90% from its peak a brutal correction.
I’m expecting further downside until it reaches the next key support level below. The MFI still hasn’t dipped, signaling that selling pressure may continue.
I’ll be watching closely depending on the setup, I might consider opening a position.
Stay strong, kings. Keep your eyes on the charts. 👑📊🔥
$DOGE Update 🐶🚀 The meme coin hype has faded, leading to a sharp sell-off across the meme coin market.
We’re likely entering an accumulation phase, but expect strong pullbacks over time. This process will probably unfold gradually rather than all at once.
As long as $DOGE holds above the key trendline, the structure remains intact. I might consider a position from that level, depending on the price action.
After testing the support level again, $RAY couldn’t even push up to the key resistance level. With #pumpfun launching its own AMM, a massive sell-off followed.
This is a reminder always manage your risk and use SL
For now, I’m staying on the sidelines. No longs until we see a solid reclaim of that level.
$BTC UPDATE #bitcoin has been in a downtrend for about a month now.
What’s next? In my opinion, the market is more likely to drag out this phase, boring traders into selling out of frustration. Many are already in losses, but there are still strong hands holding on.
A test dump could be on the horizon, and I expect price action to range within these key levels.