Is the altcoin boom over?
Oh no, a collective decline, many altcoins are once again experiencing a downward trend!!!
Yesterday, I opened a long position on Ethereum at 2860 with a take profit, but after washing for half an hour at 2856 during the night, it was 4 points off from what I expected. Later, it peaked around 2890 after half an hour.
But since it was late at night, I really couldn’t hold on, so after taking profit on the long position, I didn’t open any more orders.
However, recently most of my trades have been helping new friends recover losses, so sometimes I stay up late. A while ago, I basically rested around 12:30, but recently the market fluctuations at night have been so large that I’m a bit tempted, haha!!!
Today, I checked Ethereum and saw that the pullback from 2890 is still quite significant. From the daily chart, the rebound strength is insufficient.
Based on Ethereum being stuck halfway up the daily chart, I’ve opened a short position on an altcoin.
KAITO short.
Let’s see if it will repeat like last time when I shorted at 1.23 with a target of 0.8.
#TrumpTariffs #BTC #ETH #DOGE