Alright, let's talk total altcoin market cap structure.
Yellow line here is your bottom line — the floor that's held multiple tests. This is the demand zone that's been defending the entire alt complex.
What you're watching: Does this level continue to act as support, or do we lose it? If it holds and you get a clean bounce with volume, that's your signal that buyers are still in control at this range. If it breaks and closes below with conviction, you're looking at a deeper retracement into the next major demand zone.
Right now, this yellow line is the line in the sand. Respect it until it breaks. Invalidation is clear — a decisive close below flips the structure bearish and opens up lower targets.
This is textbook support/resistance trading. Know your level, wait for confirmation, and trade the reaction — not the hope.
Yellow line here is your bottom line — the floor that's held multiple tests. This is the demand zone that's been defending the entire alt complex.
What you're watching: Does this level continue to act as support, or do we lose it? If it holds and you get a clean bounce with volume, that's your signal that buyers are still in control at this range. If it breaks and closes below with conviction, you're looking at a deeper retracement into the next major demand zone.
Right now, this yellow line is the line in the sand. Respect it until it breaks. Invalidation is clear — a decisive close below flips the structure bearish and opens up lower targets.
This is textbook support/resistance trading. Know your level, wait for confirmation, and trade the reaction — not the hope.