ALT M.CAP UPDATE! WHEN TO GO LONG IN ALTS??
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Welcome to this TOTAL2 aka Altcoin market cap update.
TOTAL2 is forming a falling wedge like structure in 4hr time frame and currently looks like it is going for a 3rd tap of lower trendline of the wedge. Once it is reached near the lower trendline ($495-500B) we can open some long positions with a tight stop loss. Longing here is more risky and less rewardable.
Hope this chart helps you to take better trade decisions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this TOTAL2 aka Altcoin market cap update.
TOTAL2 is forming a falling wedge like structure in 4hr time frame and currently looks like it is going for a 3rd tap of lower trendline of the wedge. Once it is reached near the lower trendline ($495-500B) we can open some long positions with a tight stop loss. Longing here is more risky and less rewardable.
Hope this chart helps you to take better trade decisions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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