SKL is in the green again. Sentiment-wise, I’m cautiously bullish—but I’ll only buy on a pullback, not chase.
I’ve been writing since morning, and the small-cap altcoin board showed two faces today: SKL and CTSI were in the green, SAND was still languishing in the red, and MET and ALGO were straight-up in the ICU. Even among the small caps, money is picking and choosing where to go.
SKL itself has gained nearly 10% over the past 60 days. It touched an intraday high of 0.00597 before pulling back, which shows that bagholders are still waiting overhead.
With coins breaking out from these low levels, the two biggest risks are chasing a rally and getting stuck at the top, or sitting tight after a breakdown.
My rule: I’ll scale in on a pullback as long as it holds above the 7-day line at 0.004903. If it breaks below, I’ll stay away for now; only after it stabilizes will I think about the intraday high.
0.00432 is the sentiment floor for this move. If it breaks, the price could get washed all the way back to the starting point.
For a low-priced coin in the green, would you buy the pullback or wait for confirmation? Comment 1 for a pullback, or 2$SKL $CTSI $SAND #次新 for confirmation. #MarketAnalysis
I’ve been writing since morning, and the small-cap altcoin board showed two faces today: SKL and CTSI were in the green, SAND was still languishing in the red, and MET and ALGO were straight-up in the ICU. Even among the small caps, money is picking and choosing where to go.
SKL itself has gained nearly 10% over the past 60 days. It touched an intraday high of 0.00597 before pulling back, which shows that bagholders are still waiting overhead.
With coins breaking out from these low levels, the two biggest risks are chasing a rally and getting stuck at the top, or sitting tight after a breakdown.
My rule: I’ll scale in on a pullback as long as it holds above the 7-day line at 0.004903. If it breaks below, I’ll stay away for now; only after it stabilizes will I think about the intraday high.
0.00432 is the sentiment floor for this move. If it breaks, the price could get washed all the way back to the starting point.
For a low-priced coin in the green, would you buy the pullback or wait for confirmation? Comment 1 for a pullback, or 2$SKL $CTSI $SAND #次新 for confirmation. #MarketAnalysis