If you watched the previous BTC and TOTAL2 updates I made, they should have helped you stay on track and manage your emotions and capital avoiding the temptation to FOMO into premium levels.
Before the current breakdown, there were plenty of strong levels across individual altcoins, both in terms of liquidity and HTF demand zones.
Some of these offered clean local bounce opportunities (like the VET example shared earlier), while others, despite their strength, have broken down significantly.
Many are now at "risk" of becoming bearish breakers, particularly if we see confirmation on the upcoming weekly close.
If this happens, we're likely to see further downside in the short term, but that's not necessarily a bad thing.
The imbalances left behind from early May are now coming back into play, especially if 1.14 on T2 will be drilled, and if so, they could offer excellent opportunities for positioning, not only from a quick trade perspective, but with the intention of holding over the next few months.
These zones, combined with developing HTF structures, may become the foundation for the next meaningful move upward.
The key here is patience and clarity.
There's also a nice lesson in here.
If you take the time travel machine and go back to 2 weeks ago, the sentiment was: "We're not gonna have any type of pullback, max pain is up, have fun being sidelined.."
Now "sideliners" are seen as visionaries.
I always emphasize the importance of waiting for your setups to come into play, even if this could translate in short term "pain" due to the idea of missing out on opportunities.
What matters is exclusively your journey, not the other way around.