HOT COINS STILL IN CONSOLIDATION
For the last 40 hours, the overall market has been moving sideways. $BTC is holding $82K support, while $85K resistance is still stopping the breakout.
Even in this slow market, some hot coins are showing good strength. FET +14.6%, $LINK +8.1%, $ONDO +29.5%, XPL +25.5%, SUI +4.7%, XRP +1.9% and SOL +0.7%.
Once BTC breaks $85K with strength, these hot coins could get more momentum.
For downside protection, $82K remains important and $80K is the stronger BTC...
$ZEC pulled back from $1,679 but buyers are still holding the bigger trend Strongly 🤝
Price bounced from around $1,457 and is now back near $1,550
I'm not chasing it here
For me there are 2 ways I want this long
Entry $1,535 to $1,545 if buyers defend the pullback
OR
Wait for a strong 1H close above $1,575 with volume and take the breakout
Stop Loss $1,520 for the pullback
Stop Loss $1,568 for the breakout
TP $1,610
TP $1,635
TP $1,685
As long as the bigger structure stays bullish, I ...