Current Market Analysis of Altcoins

In recent hours, the altcoin market has shown a significant change in its behavior. After several days of sideways or even bearish movements, today we observe a notable bullish retracement in most of these cryptocurrencies listed in Binance futures.

Among the assets with the largest increases, we highlight:

COOKIEUSDT with an amazing +52.38%

HAEDALUSDT rising +38.25%

ALCHUSDT with +26.48%

CHILLGUYUSDT with +26.38%

GRASSUSDT gaining +23.86%

COWUSDT and other tokens also follow this trend with variations from +17% to +22%.

This behavior indicates a possible general trend change in the short term, at least in timeframes from 1D to 4H, where volume and buying pressure have returned strongly.

What does this mean for futures traders?

1. This type of bullish retracement can represent temporary opportunities for long positions, but they are also usually accompanied by high volatility.

2. It is vital not to forget that this bounce occurs after a previous bearish phase, which could imply that there are still resistance zones to overcome.

3. Be very careful about entering without a strategy! What is a strong green candle today could be a bullish trap tomorrow if not managed well.

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