📉 Most altcoins are still suffering losses!
According to CoinGecko data, over 22,000 cryptocurrencies are being tracked, while Glassnode data indicates that, as of late September, less than 25% of the supply of the average altcoin was trading at a price that yielded a profit for its holders.
Put simply, this means that more than 75% of the average altcoin's supply was not generating profits for its holders.
$SUI
{spot}(SUIUSDT)
$DYDX
{spot}(DYDXUSDT)
$OP
{spot}(OPUSDT)
We just spotted a clean Change of Character on $ZEC , showing sellers are taking control. Price rejected sharply off the $1,317 supply zone and looks ready to target the $1,275 demand level.
Trade Setup (Short)
Entry: $1,300.21
Stop Loss: $1,317.33
Take Profit: $1,275.76
{future}(ZECUSDT)
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Today, I booked a ride, and suddenly my eyes fell on the driver’s phone. He was checking the losers list!
I asked him, “Bro, why not check the gainers list or other coins?”
His answer was actually pretty good: Quick and good money can be made from losing coins! 😂
And right now, $LUMIA $BOME and $RLC are back in their demand zones. A bounce from here wouldn’t be surprising.
That’s why buying these coins makes sense to watch. A LONG trade could offer a good bottom-buying opportunity!
{future}...
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