Near
Diupdate
If you´re looking to play something that could perform if BTC gives some relief, heres a contender.
1. Took out the double lows at $13.14, wicked deep below and still managed to close the daily above, establishing a SFP. (Daily chart pictured below)
2. The double lows at $13.14 were also the November highs, acting as a S/R retest. (pictured below)
3. Corrected 40% this month, still 36% below highs.
4. Gave one of the strongest reactions among ALTS on todays BTCs low.
I will play this a range and take profits quickly at the mid levels and top of the range. Lose where we are now at the bottom of the range and i cut it.
The safer thing would probably be to wait for the second SFP on the daily before longing this tbh.
1. Took out the double lows at $13.14, wicked deep below and still managed to close the daily above, establishing a SFP. (Daily chart pictured below)
2. The double lows at $13.14 were also the November highs, acting as a S/R retest. (pictured below)
3. Corrected 40% this month, still 36% below highs.
4. Gave one of the strongest reactions among ALTS on todays BTCs low.
I will play this a range and take profits quickly at the mid levels and top of the range. Lose where we are now at the bottom of the range and i cut it.
The safer thing would probably be to wait for the second SFP on the daily before longing this tbh.
Catatan
Side by side of several assets the last few hours. The ones with the strongest bid off BTC lows tend to perform better if BTC volatility eases. Catch those.
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