Hello brothers and sisters, here's a work report:
I have some good news to share in advance. The structured analysis of spot trading will see a major update this month, with the potential to identify altcoins that outperform the market through structure analysis. This means that the altcoins you invest in not only need to be in the right basket but also in a good basket. Continue to pay attention and continue to profit. Thank you 🙏.
Monitoring Binance's 330 altcoin entry signal alerts:
Compared to 11 alerts at 8 AM, there were 4 alerts in the early morning.
Entry signals are recovering from a weak position; continue to wait for an increase in signal volume.
Overall market summary: short-term consolidation looking for support.
The price on the 4-hour chart is testing the daily line, and this is the first effective test, with the price rebounding. We will continue to wait for the next daily line test. The daily and weekly support levels are effective, and both the weekly and monthly structures are complete. In the short term, we will not short the market; we will wait for a support structure to emerge to stop the decline.
Market weekly structure: the weekly structure has emerged and remains intact.
Market monthly structure: the monthly structure has emerged and is in preliminary formation, awaiting strengthening.
Ethereum overall summary: short-term consolidation looking for support.
The price on the 4-hour chart shows a weak bottom divergence with previous low points, and the price continues to decline looking for support. We will not short the market; we will wait for support at the daily line to stop the decline.
Ethereum: the weekly structure is complete, and there is no monthly structure.
Altcoin overall summary: mid-term seeking support levels, brewing structure.
Monitoring range: 330 altcoins on Binance.
Comparison of structures of 330 altcoins from yesterday and today:
Weekly structure: 38/38 no change in quantity.
Monthly structure: 30/15 quantity halved.
Weekly and monthly structure: 19/14 quantity slightly reduced.
The conclusion is: hold your positions, don't be afraid of shakeouts; overall, everyone is looking for support, and continue to hold a bullish outlook on spot trading in the mid-term.
In terms of operations: refer to the article for structural orders, it is recommended to spread funds across multiple coins to increase risk resistance. Don't go all in on one coin; if you're worried about missing out, you can set a small initial position at a slightly higher entry price, while the remaining funds can still be placed in the price range for orders.
Trading logic: enter with full positions when the structure appears, exit gradually when the structure disappears, and wait in cash if no structure is present.
Free teaching trading system:
Recently, I plan to personally teach 10 people to create their own trading systems, completely free of charge. Detailed requirements: please refer to the pinned article.
Weekly live analysis of altcoins, please pay more attention 🙏.
Note ⚠️ All provided trades are based on personal experience and do not constitute investment advice. Trading carries risks; please be cautious when entering.
