I’m still bullish on these coins. There’s definitely something brewing. They just need a bigger push and it will be possible at lower prices. economics 101
CRYPTO MECHANIC
Feb 2
I made a post on Monday and said most Alts have broken down the key Daily zone and as long as you don't see prices reclaim the key zones you don't really have a reason to be bullish on these Alts.
I also mentioned that you can expect the price to go for a new low.
Here we are most of the coins making new lows. $ENA , $RENDER , $WIF and Algo for example.
Trading is just this simple, You evaluate the charts, get the high timeframe trend and ignore everything that's happening on the lower timeframe. I mentioned in my post that it's the daily chart not stf.
It's very important to know where the trend is so you know when it's the right time to trade and when it's not.
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