(TOTAL2) Alt coin market cap!!!!!
Updated
Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
Note
"Altcoins are volatile, and the market fluctuates based on demand and supply.Referring back to our chart, we observe a lack of significant demand between the 600B to 680B range.
In our previous data, this range experienced a strong upward impulse, but now the sellers are more cautious.
The market might return to the 400B range for the Altcoin market cap, resulting in price drops for some of the altcoins.
Be cautious when positioning trades on different altcoins. Avoid excessive trading, relax, and diversify your investments to prevent substantial losses in the market.
P.S.: The 400B support + Moving average 200 indicates a massive buying zone.
Happy trading!"
Disclaimer
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.