Altcoin dominance appears to be creating liquidity. It has not yet reached a key resistance point to accumulate more sell orders and drop further. Additionally, it has hit a very strong support level at the bottom.
For a continued drop, it needs to be fueled by an order block and gather more sell orders. Therefore, we expect it to move toward the upper order block and collect more liquidity from the liquidity pool we have identified.
Let's see what happens!
For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.