Great rebound in the market, but this is not yet the move I want to see. It will be important to watch the reaction after the additional funding.
Right now the mechanism is simple: they took out the first batch of shorts, therefore buying pressure came into the market; then the impulse was picked up by the long positions with leverage.
By the metrics, as I said, we were at a point where the indicators were no longer screaming, and literally shouting about an upside breakout—and that’s what we’re seeing now.
Now it’s worth observing how the local correction will play out and when it will happen.
But! This growth hasn’t even started globally yet—this is a very small move even when looking at the weekly chart. USDT dominance has begun to move, but it also has support levels where normal traders will lock in positions, unloading—and that will create a pause in liquidity.
Overall, you need to stick strictly to your own goals and, by choosing a few coins, just wait for your 2–3x and then make a decision there.
As of now, we don’t even have hints of that—we need euphoria and for news to start blaring from every outlet about the altseason starting.
That’s exactly where you’ll need to take profit on the majority of your assets.
So for now, I’m calmly resting from the market and holding my coins.
Right now the mechanism is simple: they took out the first batch of shorts, therefore buying pressure came into the market; then the impulse was picked up by the long positions with leverage.
By the metrics, as I said, we were at a point where the indicators were no longer screaming, and literally shouting about an upside breakout—and that’s what we’re seeing now.
Now it’s worth observing how the local correction will play out and when it will happen.
But! This growth hasn’t even started globally yet—this is a very small move even when looking at the weekly chart. USDT dominance has begun to move, but it also has support levels where normal traders will lock in positions, unloading—and that will create a pause in liquidity.
Overall, you need to stick strictly to your own goals and, by choosing a few coins, just wait for your 2–3x and then make a decision there.
As of now, we don’t even have hints of that—we need euphoria and for news to start blaring from every outlet about the altseason starting.
That’s exactly where you’ll need to take profit on the majority of your assets.
So for now, I’m calmly resting from the market and holding my coins.
