What is $ALT - Is it worth investing at this time?
It's been a long time since I mentioned it, $ALT must be very light now :))))
Hint: MM's supply tightening process is probably almost done, price increase is just a matter of time.
- Volume is exhausted, each day trading on Binance is $10M-$20M around the bottom ~0.1 => Few transactions, whoever sells has already sold and there is no more strong selling volume.
- Orderbook buys around 0.1-0.15 => MM blocks the wall and starts buying goods from weak retailers.
- It is likely that when the price increases, Onchain will report more ALT withdrawal orders from the exchange => creating fomo
- Binance cold wallet continuously withdraws ALT from the exchange
- Firechart has Brown + Purple Orders both buying in the long-term frame => Purple Orders are supporting the price in the 0.1-0.13 area and around 0.15.
- Upbit wallet is still accumulating ALT with ALT listed on upbit for a long time => When pushing the price, it will run very badly.
- Chart still reacts well + Volume starts to increase gradually => may have created a foundation to prepare for the upcoming uptrend.
#Write2Win
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