The cryptocurrency market is at a critical juncture, particularly for altcoins, as the upcoming monthly close will play a decisive role in determining their trajectory. The Total Crypto Market Cap (excluding BTC and ETH) is teetering on key support levels, and how it closes this month could signal either a continuation or a major pullback.
Key Observations:
1. Potential Breakdown: A close below the current range would confirm both a Lower Time Frame (LTF) and High Time Frame (HTF) Swing Failure Pattern (SFP). This would likely trigger a market cap drop to the next monthly auction level at $789 billion.
2. Deviated Structure: The chart shows signs of deviation from the previous structure, emphasizing the importance of this monthly close.
Why Stink Bids Are Essential:
In volatile markets, preparing for unexpected dips is crucial. Setting low-limit “stink bids” across strong altcoins like
$SUI ,
$LINK , and
$SOL ensures you’re ready to capitalize on potential price corrections. These assets, often referred to as market dominators, are likely to recover strongly in any future rally.
Strategy Moving Forward:
• Watch the Close: Keep a close eye on the monthly candle to gauge market direction.
• Prepare for Downside: If the breakdown occurs, focus on accumulation at the $789B level.
• Diversify Across Dominators: Distribute bids across high-potential altcoins to maximize returns.
This month’s close could set the tone for altcoin performance heading into 2025. Stay prepared, stay informed, and position yourself strategically for the next market phase.
#SUI #LINK #SOL #TOTAL3 #Altcoin