This weekend, I spent quite a bit of time analyzing Bitcoin's monthly chart, and it led me to take a closer look at the monthly charts for $SUI and
$JASMY . The current market scenario could play out in one of two ways: if Bitcoin were to drop to $68,000, and altcoins follow suit, then these two altcoins could see a decline of around 60%. However, if Bitcoin dips while altcoins surge (which would indicate the start of an altcoin season), $SUI and
$JASMY could easily experience a rapid 5x-10x increase in value.
$JASMY At this point, it's all about evaluating the risk-to-reward ratio. I've been diving into a trading strategy called CPR, developed by ‘Romeotpt’ on X, which I came across just two weeks ago. It's a simple strategy to grasp, and I highly recommend learning it if you're not already familiar.
Following the CPR strategy, you might want to consider a short position on Bitcoin. For those interested in the specifics: open a trade when Bitcoin hits $99,539, with a stop-loss at $108,400 and a take-profit target set at $66,854. The strategy provides a clear roadmap, so stay alert and consider these moves carefully.
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