๐จ Extreme Fear Alert ๐จ
Look at the top losers on the Futures market right now. $JCT down over 50%, AKE down 42%, PARTI down almost 30%.
We are seeing massive capitulation on these low-cap altcoins.
Historically, when retail gets completely flushed out and we see charts like this, we aren't far from a local bottom.
However, 24h change only tells half the story.
I am watching the 4H charts on $ON and $H right now.
If we see a lower wick rejection at these levels, I will be scalping a long for a dead-cat bounce.
Don't marry your bags, but extreme red is where the opportunities hide.
Who is playing the bounce? ๐ค
Look at the top losers on the Futures market right now. $JCT down over 50%, AKE down 42%, PARTI down almost 30%.
We are seeing massive capitulation on these low-cap altcoins.
Historically, when retail gets completely flushed out and we see charts like this, we aren't far from a local bottom.
However, 24h change only tells half the story.
I am watching the 4H charts on $ON and $H right now.
If we see a lower wick rejection at these levels, I will be scalping a long for a dead-cat bounce.
Don't marry your bags, but extreme red is where the opportunities hide.
Who is playing the bounce? ๐ค
