⚡️ Hello everyone! The long-awaited alt season has begun, and liquidity is actively spreading across the market. Now is the time to take a closer look at assets that could be the next big thing.
As you know, ULTIMA has been on my radar for a long time. It is one of the most promising tokens. It has survived a powerful correction and is now trading around its key level, trying to find a foothold.
The chart shows that:
➡️ the nearest GAP at $7,687 - $6,022 has been closed, as I said. After all, 99% of GAPs close sooner or later, and the remaining two GAPs at the top continue to attract the price.
➡️ Liquidity Depth shows that there is significantly more liquidity at the top than at the bottom. This means that a large number of shorts accumulated during the correction. And as we know, the price moves from liquidity to liquidity because it needs fuel to move.
➡️ VRVP shows that the key point of interest for ULTIMA right now is the $7,850 level, around which the asset has been trading for the last few months. Now, after closing the GAP at the top, the price has naturally corrected, but this level is definitely the next attractive target for the price.
➡️ In addition, levels from $8,250 to $5,710 are highly active, which shows high interest in ULTIMA at such low prices.
📌 Conclusion:
It is now too late to enter heavy alts that gave +100% per day. Because the next day you can get -100% back.
It is much safer to choose assets that have just gone through a correction phase and are gaining strength for the next move. These are the easiest to accelerate, which means they have greater potential 🔥
As you know, ULTIMA has been on my radar for a long time. It is one of the most promising tokens. It has survived a powerful correction and is now trading around its key level, trying to find a foothold.
The chart shows that:
➡️ the nearest GAP at $7,687 - $6,022 has been closed, as I said. After all, 99% of GAPs close sooner or later, and the remaining two GAPs at the top continue to attract the price.
➡️ Liquidity Depth shows that there is significantly more liquidity at the top than at the bottom. This means that a large number of shorts accumulated during the correction. And as we know, the price moves from liquidity to liquidity because it needs fuel to move.
➡️ VRVP shows that the key point of interest for ULTIMA right now is the $7,850 level, around which the asset has been trading for the last few months. Now, after closing the GAP at the top, the price has naturally corrected, but this level is definitely the next attractive target for the price.
➡️ In addition, levels from $8,250 to $5,710 are highly active, which shows high interest in ULTIMA at such low prices.
📌 Conclusion:
It is now too late to enter heavy alts that gave +100% per day. Because the next day you can get -100% back.
It is much safer to choose assets that have just gone through a correction phase and are gaining strength for the next move. These are the easiest to accelerate, which means they have greater potential 🔥
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.
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.