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CRYPTO MECHANIC
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This can be another reason why most of the Altcoins aren't moving/Not getting volume because most of the traders have shifted their interest from these Altcoins to memecoins. It's always about going where the money is going and there is no doubt memecoins are trading more volume than Altcoins promising to have good fundamental reasons and great teams.
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$FET down 50% from the area where i exited my long term position on it. I still remember comments under my posts people telling me i am making big mistake because this merge is big and it will go much higher. ofcourse there was a chance to go even higher but one thing you should always keep in mind is there best time to exit on your trade is when - Everyone is excited for that trade -People are coming up with unrealistic targets - The greed is high and everyone is rushing to buy. The merge news increase the euphoria in market and that was the moment for me to start taking the exit. - Never marry with your bags, Take the money out when it's time. :)
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Just posted some Weekly Altcoin charts. Remember that weekly charts show high time frame trend, i talked about each levels that a coin has on the chart. These levels may look bigger on chart but this is how you draw high timeframe levels. Most of the charts are just lagging and need to show some volume to be attractive. This is also the reason why i am not talking about Altcoins much and playing with the $BTC moves only. So far the decision is right and i will continue to do that unless i see the money is finally going to Alts. i do not like to trade boring price actions.
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$SEI Weekly chart update Price is clearly in a downtrend. if you're holding it i think a bounce will be an opportunity for you to take the exit.
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$ORDI Update That's a pretty bad looking weekly chart i must say. Price broke below the weekly range, tried to bounce back above it but rejected again. As long as weekly chart doesn't go back above this broken zone and holds. I think Ordi will keep struggling.
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