#THENA #Polkadot #ETH #BullishMomentum Yesterday, I started accumulating for long positions in
$THE ,
$DOT ,
$ADA , and $ETH.
This is speculative, but I believe the moment for a bullish reversal is very near. Here's why:
1. Weakened Selling Pressure
Selling pressure has significantly weakened compared to a few days ago. Currently, we’re seeing small candles, and some tokens are even forming doji patterns.
2. Strong Support Levels
Most tokens, including $BTC, $ETH, and other altcoins, have tested their major support levels. They appear to have failed to break down below these levels, indicating strong buying activity around major support zones.
3. Positive Cryptocurrency Narratives
The global sentiment around cryptocurrency remains mostly positive. Although there are some FUD-inducing events, like the DOJ's Silk Road case or Trump-related news, we must remember that crypto operates beyond the scope of just one or two countries.
4. Historical Trends
Historically, Q1 following a halving event tends to be bullish.
I’m confident in my current positions. However, if I’m wrong, we may see prices dropping significantly if major supports are breached. For risk management, I’ve set my stop-loss slightly below major support levels — $29xx for $ETH and $89xxx for $BTC.
Good luck, everyone! I hope we all make some nice profits.