ALTCOINS TRYING TO BOUNCE ... BUT THIS IS STILL A HIGH-RISK ZONE
$LINK , $BCH , $TAO and #ARB are all reacting from fresh lows after another sharp sell-off.
LINK: needs to reclaim 12.90–13.40
BCH: needs 290–300
TAO: needs 275–287
ARB: needs 0.180–0.191
If buyers reclaim these levels, the bounce can turn into a stronger recovery.
If price gets rejected below them, this can easily become another bull trap and the recent lows may be tested again.
Right now: bounce is active, trend is still bearish, confirmation is missing.
$LINK , $BCH , $TAO and #ARB are all reacting from fresh lows after another sharp sell-off.
LINK: needs to reclaim 12.90–13.40
BCH: needs 290–300
TAO: needs 275–287
ARB: needs 0.180–0.191
If buyers reclaim these levels, the bounce can turn into a stronger recovery.
If price gets rejected below them, this can easily become another bull trap and the recent lows may be tested again.
Right now: bounce is active, trend is still bearish, confirmation is missing.