🔴 ALERT | In my opinion, it's time to exit & cut your gains on #alts 🔴
For full transparency: I'm taking profits and opening qomz SHORTS on #altcoins here.
Here’s why:
Most #alts are stuck at major resistance after a big pump 📈
Many are showing a triple TOP (very bearish structure), unable to break out 🚫
Looking at #BTC.D , I expect a smooth bearish retest (see my chart!), this means liquidity could move out of alts for a few days before the next market leg up
💡 Quick reminder:
A 1% move in #BTC.D = ~$3.75B liquidity swing for alts at this stage!
Short-term outlook?
⚠️ Caution is KEY right now!
Market could turn red for a few days (support retests, corrections for alts)
Possible liquidity trap before any next pump 🚨
Stay smart, secure your gains, and don’t get trapped by complacency! 👀
Im also opening a short position on $SUI around 4.00$ to target 3.70 - 3.65! 📉