🚨 Extreme Fear Alert 🚨
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? 🤔
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? 🤔
