The resistance for $BTC has held – there’s no volume to break through it yet. But an interesting sell-off is brewing in the altcoins. I’m looking at the levels where the most retail ‘stops’ have accumulated:
We’re officially at all-time lows. After an ATH of $1.50, the drop looks daunting, but the protocol’s yield hasn’t gone anywhere. I’m not jumping in with everything I’ve got, but I’m starting to build a position using a grid strategy. A break of the downtrend will only be confirmed if it holds above $0.12.
Sam Altman and the AI hype are in the shadows right now, but $0.30 is a solid psychological support level. I can see very large limit orders at this level on the Binance order book. This is either the final sell-off or the start of a long accumulation.
Memes are a pain right now. But BOME has been holding its $0.00038–0.0004 range for a week now. If we see momentum in $SOL, this meme coin will be the first to surge by 20–30% simply on the return of liquidity.
Tactics: Now is not the time for ‘all-in’, but for patience. I’m setting alerts at key levels and only trading on confirmed rebounds.
👇 What do you do with such drawdowns?