Trading within this channel for short term positions, looking to bid horizontal supports in spot for longer term holds and position building. Buying anything in lower quarter of channel and selling anything over midline.
First chart, so pretty quick and rudimentary explanation of what I'm thinking, but here goes.
If we see BTC breakout and suck up bids of other majors, then only alts with momentum will be the ones with possible upward potential. No DeFi alt has more narrative and price momentum than SPELL imo.
This chart is just visually what I'm thinking could happen during the...
