Hello traders! as I mentioned on the chart Current level needs to hold or at least action should stay in triangle otherwise alt coin may explore new bottom around $0.2 range something. Lately binance pumping new altcoins right and left and almost all of them lost 50%+ of their value. Almost everybody investing in the them on the long term at a major loss. I guess new Binance CEO needs to try jail as well otherwise they don't get it. Circulated coins seems very low compared to total amount of coins will be on the market and even with their small circulated coins at the market , they can't perform well. One positive thing is BTC at the moment. Btc's weekly chart looks super bullish on weekly so soon we may resume towards 80k range. it could be a week or 2 but it looks like it is going to happen. In the mean time Binance's bots hurting people whoever investing in their new alt coins. I can't believe im saying this but It is almost better to invest in dino small market cap alt coins such as xvg(verge),eos (*no more big airdrop or distributions)rather than their new coins. yes you may get lucky on the short term but on the long term they keep adding larger amounts of new coins in the circulation at once. Larger distribution depleting the coin and stealing money from your pocket!
Currently 2 Possible entry points and both of them are risky! Very Risky trade and possible big rewards or loss!
Currently 2 Possible entry points and both of them are risky! Very Risky trade and possible big rewards or loss!