November 3, 2024, 8 AM Good morning brothers and sisters, here is a work report: Has the market decline ended? The structured system summarizes global trends, hoping to help establish a global awareness.
In a battle, the heart is the main attack, if traders' mindset is confused by the appearance of price fluctuations, their mindset will be controlled by price fluctuations. The overall market structure is complete on a weekly and monthly basis, patiently waiting for profits to arrive.
Monitoring Binance's 330 altcoin entry signal alerts:
Compared to 2 alerts at 2 AM, there are 11 alerts at 8 AM.
Market entry signals are recovering, continue to wait for an increase in signal volume.
Overall market summary: Short-term consolidation seeking support.
The 4-hour price has tested the daily line, the daily and weekly support is effective, the weekly structure is complete, the monthly structure is complete, short-term bearish but do not short, wait for a support structure to emerge to terminate the decline.
Market weekly structure: Weekly structure appears, remains complete.
Market monthly structure: Monthly structure appears, initially formed, pending strengthening.
Ethereum overall summary: Short-term consolidation seeking support.
The 4-hour price has tested the support position ahead, the support position is effective, bearish but do not short, wait for a bottom divergence and daily line support to terminate the decline.
Ethereum: Weekly structure complete, no monthly structure appeared.
Altcoin overall summary: Mid-term seeking support, brewing structure.
Monitoring range: 330 altcoins on Binance.
Comparison of structures of 330 altcoins yesterday and today:
Weekly structure: 38/38 No increase or decrease in quantity.
Monthly structure: 30/15 Quantity halved.
Weekly and monthly structure: 19/14 Slight decrease in quantity.
The summary is: Hold your positions, don't fear margin calls, overall all are seeking support, continue to be bullish on spot in the mid-term.
In terms of operations: Move to the article to view structural orders, suggest diversifying funds into multiple coins to increase risk resistance, do not go all-in on one coin, if worried about missing out, can place a small amount slightly above the given entry price to build a bottom position, other funds should still be hanging orders in the price range.
Trading logic: Enter full position when structure appears, exit position gradually when structure disappears, wait in no-structure.
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Weekly live analysis of altcoins, please pay more attention 🙏
Note ⚠️ All shared orders are personal experiences and should not be taken as investment advice, trading has risks, please enter cautiously.
