Many altcoins are really terrible. It is meaningless to look at the 4-hour line or the daily line.

For example, $OP and $FIL are both head and shoulders tops at the monthly level, and have broken through the monthly support line…………

If the decline is based on a 1:1 ratio, OP is likely to break the issue price and fall below 0.4U; FIL may go below 1U.

These so-called "value coins" in the past really cut retail investors.