š Are Altcoins Ready to Explode? Here are the Signals to Watch Out for! #AltcoinBreakout
Several altcoins like $SOL, $ARB, and $OP have started to show significant volume, with prices approaching important resistance levels. This could signal a potential breakout. š
Be careful, as not all breakouts are valid. The following conditions must be met:
ā Confirmed candlestick
ā Increasing volume
ā Not too overbought
General strategies to watch out for:
1. Wait for breakout confirmation
2. Enter on retests/pullbacks
3. Set a protective stop-loss
BTC (BTC.D) dominance has also started to decline. Perhaps altcoin season is upon us! š
š¢ What are your thoughts? Which altcoin do you think is most likely to explode this week? Let us know in the comments.
