Traders should consider entering a long position after a breakout from a bullish bull flag pattern, with two targets and waiting for confirmation of rejection by downsloping resistance.
Traders should monitor ATOMUSDT.P on the 4-hour time frame, targeting a potential move up towards $10 with a stop loss at the major support level indicated by the VPVR indicator's control point.
🔴 Top 3 Crypto to Sell If Market Correction Prolong In May 2024
1. Shiba Inu $SHIB Over the past week, SHIB, the second leading meme coin currency has shown little movement, aligning with a broader downturn in the market. This phase of stagnation is crucial for the cryptocurrency as it generally encourages accumulation among investors. Overall, the market has seen a 9% drop, leading to significant losses for many digital currencies.
2. Solana $SOL SOL hovered at $136 during US business hours, contributing to the generally bullish outlook of the crypto market. The cumulative valuation stands at $2.31 trillion, up by 1.4% in the same period,
3. $ORDI The Ordi platform has recently gained attention due to its innovative use of the Ordinals protocol, which embeds data directly into Bitcoin’s smallest denomination, the satoshi.
IOST has broken out of a falling wedge pattern and is poised for significant growth, with an entry point up to $0.22 and a target price increase of 50% to 70% in the next few weeks.