After weeks of fear and sideways, the crypto market has finally seen a significant rebound. But the question is: does this signal the beginning of a bullrun? Or is it just a small correction before it goes down again!
Here are 5 important things you need to consider before FOMO:
1. Trading Volume Up or Not?
Price increases without large volume = potential fake breakout. Monitor on Binance, make sure the volume is rising with the price.
2. BTC Dominance
If BTC is dominant on the rise, altcoins may still be premature. But if it's dominant to stabilize/decline as BTC rises, altseason could be coming soon.
3. Market Sentiment (Fear & Greed Index)
Chek this index. If it's still "fear", it could be that the rebound is still fragile. If it's already in "greed", watch out for excessive FOMO.
4. Resistance Breakout or Just Retest?
Look at the daily chart. If the price manages to breakout a key resistance level and becomes the new support, it's a strong signal that the market wants to continue rising.
5. Fundamentally Strong Token = Entry Point!
A rebound is a good time to enter projects that have clear use cases, active developers, and solid communities. Don't just follow the hype!
Market rebound is neve-wracking, but that's where opportunities arise. Stay aware, DYOR, and don't just enter just because "he said bullish".
Prepare a strategy, don't rush, and enjoy the process.
