My thoughts on $ALT
I'm not a fan of buying something right after the launch. I like to give a new coin at least a month to settle. In my experience, as I've seen so many altcoins getting listed, price always builds a base before it moves up. Just like what MANTA did. It consolidated around $2-$2.3 for 28 days before it made a move up to $3.5.
You never know what a new shiny coin will do right after the launch. So giving it some time to observe what the price is doing after the launch is always a better strategy. Price spends a certain period in a price range and then if it starts to break out, that is probably an indication that it wants to go up.
For example, $ALT has also shown a bullish divergence on the RSI, which suggests that the momentum is shifting to the upside. Moreover, $ALT has a strong use case as a utility token for a decentralized platform that offers various services. These factors make me optimistic about its future potential.
#TradeNTell #ALT #BTC #ETH #etf
I'm not a fan of buying something right after the launch. I like to give a new coin at least a month to settle. In my experience, as I've seen so many altcoins getting listed, price always builds a base before it moves up. Just like what MANTA did. It consolidated around $2-$2.3 for 28 days before it made a move up to $3.5.
You never know what a new shiny coin will do right after the launch. So giving it some time to observe what the price is doing after the launch is always a better strategy. Price spends a certain period in a price range and then if it starts to break out, that is probably an indication that it wants to go up.
For example, $ALT has also shown a bullish divergence on the RSI, which suggests that the momentum is shifting to the upside. Moreover, $ALT has a strong use case as a utility token for a decentralized platform that offers various services. These factors make me optimistic about its future potential.
#TradeNTell #ALT #BTC #ETH #etf