I know everyone is fearful in the crypto market right now.
People are scared to buy at these lows because they believe Bitcoin will likely continue to decline. And yes, that could happen. But guess what?
BTC is sitting on daily support.
BTC dominance hit 60% and is possibly forming lower highs (check my BTC DOM analysis).
The Fear Index is at 54鈥攑eople are scared.
Funding rates are extremely negative.
Most assets' RSI levels are oversold (in a bull market!).
All these factors tell me it鈥檚 the perfect time to open swing long positions while everyone else is panicking and selling their coins at the lows.
Let鈥檚 take TAO as an example:
We鈥檝e hit a key SR level.
The election swing lows have been raided.
A 4H bullish HTF shift has occurred鈥攖his is my confirmation.
Entry: $455
SL: $355 (closing daily below)
TP: ATH - $750
Good luck! And remember: buy when they鈥檙e scared, and sell when they鈥檙e greedy.
-AS ALWAYS, MANAGE YOUR RISK-