I’m expecting a reaction near the previous breakout zone. At the moment, I’m not comfortable holding positions, especially in altcoins, until I see more confirmation. Only a few altcoins have strong structures, but the majority are just P&D setups.
Most meme coins are not worth buying right now, except for some of the newer ones within the Binance ecosystem. SOL appears to be forming a new range, so it’s moving slowly there. The only coins I’m currently eyeing are TOSHI, with potential for a nice bounce soon, and possibly FARTCOIN and AI16z for the longer term.
Targets & Strategy:
My target for TOSHIUSDT is a bit ambitious, so I plan to take profits or adjust my position as necessary. It all depends on BTC, it’s crucial that it holds above 90k for bullish continuation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.