Crypto Market Update – Spot Traders, Take Note
One piece of advice I want to give to all my followers who are into spot trading: during times like this, use the 4-hour chart to make your buy decisions.
Yes, it’s important to have a clear understanding of the larger timeframes like the daily or weekly charts as these give you the big picture. But for entries and confirmations, the 4-hour chart is your best friend.
Right now, the market is still trending downward. There are no clear bullish catalysts at this moment, no strong news or momentum that could push prices up significantly. So patience is key. Focus on preserving capital, and if you’re planning to enter, use technical confirmation and tight risk management.
Look for strong signals like double bottoms, bullish divergence, or higher lows—these are signs that momentum might be shifting.
Keep in mind: when the market decides to move, it usually doesn’t wait. We often see tokens go up 20–30% in a single day. The problem is, we don’t know exactly when that will happen.
Stay sharp, stay disciplined. This is the phase where smart decisions make the biggest difference.