GOOD MORNING!!!
Today has already started off busy, lol, and I know that most of you are scared because of the amount of DMs I received on INSTA!
#BTC is retreating and its Dominance is rising, which is still giving a strong selling force to Altcoins. However, I would like to draw your attention to one thing.
Open the Altcoin charts and see how many percent they are still holding from their last highs. When you do this, you will notice that 90% of Altcoins are holding incredible numbers, so it is clear that this retreat in altcoins is 100% normal. Some are even retesting important areas that were broken that should soon serve to propel them to a new jump, as is the case with #GALA and other good altcoins.
In this sense, we can also see that most altcoins are already finding support at their EMAs 50 (4h), which is good!
If you entered late and are negative, then it is not a problem with the coin but with your entry. From what I see, there are few altcoins that are at a standstill and have not preserved any of their (recent) profits, these probably had problems that held them back, as is the case with FET and RUNE, but they should also improve soon.
I know that most people wanted the graph to just go up, but that is not what will happen and what should happen, so... relax and if you can, BUY!!!!
I still don't think it is a correction, but remember that EVENTUALLY we will have corrections along the way and this is necessary for new players to enter and the graphs to be healthy.
I know that many people have significant positions that generate even more anxiety due to their size, but rest assured that this will not change our goal for 2025 in any way, so stay strong and if you need to, go to INSTA and call me, I will take some time to reassure you! 🫂✊🏻🚀
Let's go together, always!
STAY SAFE! ✊🏻