Bearish Momentum Accelerates 📉

When looking at the trade signals of more than 200 coins, we observe a considerable #bearish development.

➡️ On the daily chart, we have twice as many bearish (12) than #bullish signals (6). Some of the most prominent tokens with bearish signals are $ALGO , $NEAR or $FLOKI

➡️ Even worse: Looking at the 1H chart, the bearish trend seems to have gained even more momentum. In the last 6 hours, we had almost 530 bearish trade signals, compared to ~60 bullish.

What does it mean? Based on the signals, there is a considerable probability of a further price decline today.

I will post some trade setups later today.