#MarketRebound
December 25, 2024: Complete and Comprehensive assessment for Market Trends
Hello everyone, here’s the updated trading overview:
For High-Risk Altcoin Trades:
If you’re currently trading in high-risk, unstructured altcoins, it’s wise to focus on exiting positions during rebounds. The key is to prioritize securing your funds rather than chasing profits. Don’t hold on too long or aim for unrealistic gains—protect your capital and wait for more stable and structured trading opportunities to arise.
General Trading Strategy:
For trades involving high-risk altcoins, it’s best to gradually add positions at the weekly timeframe. Once your average buying price is surpassed, start selling during price spikes to secure profits and exit your positions.
On a broader scale, previously highlighted weekly structures are no longer active, and we’re now observing a potential structure forming on the monthly timeframe. We’re waiting for the first and second levels of profit-taking to come into play before any action is taken.
Additionally, the fifth phase of structured trading is underway. A suitable entry signal will be shared at the right time, so keep a close watch