#Altcoins👀🚀 breakout or double top approaching?
If you had been following a couple of posts I had put up earlier over the last few days we've got some great longs which were completely priceaction based and very safe lowrisk trades were taken.
Soo as we can see the #TOTAL3 chart shows that we are approaching the previous high from approximately 10 days ago.
But this time we will need a clear break above the levels and I am sure there will be a slight consolidation but we need a decisive break in both BTC and ETH to make sure we are carrying our longs in the various altcoins we had traded.
Currently I have my longs open in $INJ $ROSE $GLMRGLMRGLMR $GLM which are relatively higher tisk plays with lower leverage soo that I can hold them for much longer if there is a very positive upward move.
I am currently moving my stoplosses up by 3-4% from the buy prices because below those prices my higher high and higher low structure might get invalidated.
Also don't mistake volatility for structural failures. If there is a structural failure in 1Hr basis then it could be an issue.
Until then We golden.
Take care and use appropriate risk management.
Enjoy the market.