The biggest gainers look overextended... and a retest may be next
The strongest assets have already made sharp gains after a strong rally.
$AGT is up about 99%, $SIREN about 44%, and $ICNT
about 27%, while $BAT and CYPH are also posting strong gains.
After moves like these, I don't like chasing green candles.
First, I'm waiting for a retest and a correction phase.
If momentum starts to fade, these top-performing assets could easily give back some of their gains before finding their next direction.
For now:
AGT — highest correction risk after the biggest rally
SIREN — still strong, but vulnerable to a pullback after the sharp rise. ICNT — momentum is good, but retest risk is increasing
BAT / CYPH — still in an uptrend, but buying at these levels comes with a weaker risk-reward ratio
The trend may remain strong, but after a move of this magnitude, a healthy pullback wouldn't surprise me.
Sharp rallies trigger fear of missing out. Retests often punish those who enter late.
To trade, click here 👈🏻 AGT👇🏻 Happy trading 🌟
The strongest assets have already made sharp gains after a strong rally.
$AGT is up about 99%, $SIREN about 44%, and $ICNT
about 27%, while $BAT and CYPH are also posting strong gains.
After moves like these, I don't like chasing green candles.
First, I'm waiting for a retest and a correction phase.
If momentum starts to fade, these top-performing assets could easily give back some of their gains before finding their next direction.
For now:
AGT — highest correction risk after the biggest rally
SIREN — still strong, but vulnerable to a pullback after the sharp rise. ICNT — momentum is good, but retest risk is increasing
BAT / CYPH — still in an uptrend, but buying at these levels comes with a weaker risk-reward ratio
The trend may remain strong, but after a move of this magnitude, a healthy pullback wouldn't surprise me.
Sharp rallies trigger fear of missing out. Retests often punish those who enter late.
To trade, click here 👈🏻 AGT👇🏻 Happy trading 🌟