Looking for an entry in the green box, looks like strong support... coin burn complete and a reversal has historically happened shortly after the burn. However, alts getting a kicking at the moment with the btc rally.
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A further drop as expected due to btc pushing 8k and now hit our entry point. Another good entry with tight stops, but, if btc doesn’t cool down we might see further downside, which is why tight stops are required.
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Well that worked out fairly well...
Another btc rally and this dips more in my opinion
Still an excellent trade opportunity to watch for, if entering now tight stops are required