Visiotrader

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Hey everyone, welcome to another edition of Word of the Day, where I give you a clue and you try to guess the word. Today's word is a five letter word related to institutional adoption. Here are some hints to help you out:

- The word starts with M and ends with O.

Can you guess the word? Leave your answer in the comments below and I'll reveal the correct answer tomorrow. Good luck and have fun! 🤗

https://safu.im/18MdSQV5

My thoughts on $ALT

I'm not a fan of buying something right after the launch. I like to give a new coin at least a month to settle. In my experience, as I've seen so many altcoins getting listed, price always builds a base before it moves up. Just like what MANTA did. It consolidated around $2-$2.3 for 28 days before it made a move up to $3.5.

You never know what a new shiny coin will do right after the launch. So giving it some time to observe what the price is doing after the launch is always a better strategy. Price spends a certain period in a price range and then if it starts to break out, that is probably an indication that it wants to go up.

For example, $ALT has also shown a bullish divergence on the RSI, which suggests that the momentum is shifting to the upside. Moreover, $ALT has a strong use case as a utility token for a decentralized platform that offers various services. These factors make me optimistic about its future potential.

#TradeNTell #ALT #BTC #ETH #etf

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