We have a massive liquidation in the cryptocurrency market, with $805 million liquidated. JUST in ETH, in the last hour, it was $120 million!
—— LET'S GO:
1. IF IT BREAKS 1,960, it will pull down to 1,850. Below 1,850, we enter a “fear” zone. NO CRAZINESS. Will you buy if it goes there? NO! Only if buying strength comes in.
FEAR ZONE: Negative market sentiment, reflected in the Crypto Fear & Greed Index.
The fear zone often precedes a bottom, but that doesn’t mean it’s the right time to buy; the ideal is to wait for clear reversal signals and the entry of buying strength before making any decision.
2. Pay attention to RISK MANAGEMENT! Don’t try to guess the bottom, wait for confirmation of reversal before any entry.
3. IMPORTANT: ETH will also enter dominance after BTC in the altseason cycle. AND YES, it will be one of the biggest projections for this year. 🥷🚀
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