Good morning, traders! đ
Recently, Iâve seen many live streams encouraging aggressive long positions, leaving traders stuck in poor trades. Instead of just enduring this, Iâm here to teach you strategies to break free and protect your capital. Without a solid trading system, youâre vulnerable to market makersâ moves.
Join me today at noon for a live session where Iâll discuss market trends and strategies to avoid getting caught in tough positions. Hereâs the current market overview:
Market Outlook & Strategy đ
Ethereum and the broader market have seen breakdowns in weekly structures, but monthly structures remain intact. This correction targets daily support levels, but we may see a deeper pullback to test weekly supports. We're entering a high-volatility phase, sitting in the mid-structure zone.
Altcoins may reveal promising weekly patterns if the market consolidates or trends upwards this week. Until then, focus on spot trades and patience.
Action Plan đĄ
1. High-Point Spot Orders: Gradually reduce exposure by selling at higher levels.
2. Take-Profit Zones: Monitor take-profit levels for active trades.
3. Entry Signals: Wait for new opportunities when clear signals emerge during this volatile phase.
Advice for New Traders â ïž
If you're new to trading or lack a system:
Avoid buying new or hyped coins
Donât chase highs or try to catch falling knives
Stay away from contracts or futures trading
Focus on learning structured trading before committing capital.
Market Summary đ
General Market: Short-term corrections continue, with selling pressure around $110,000. Weekly support remains solid for now.
Ethereum: Corrections continue, with resistance at $4,000-$4,200. Daily support has been breached, and weekly levels are under test.
Altcoins: Waiting for new entry opportunities based on fresh structures.
Monitoring Key Data đ
Binance Altcoins: Tracking 330 assets.
Structural Changes:
Weekly: No active formations
Monthly: Increased from 227 to 257 structures
Combined Weekly/Monthly: Reduced to zero
Exclusive Opportunity đ
Currently, over 2,400 traders follow this analysis. To give back, Iâll be selecting 10 individuals for free training on spot trading structures. Check the thank-you letter for details!
Letâs navigate this market smartlyâtogether! đ