Good morning, traders...
Over the past few days, Iâve noticed several live streams encouraging aggressive long positions, leaving many traders stuck in unfavorable trades. While others focus on how to endure being trapped, my goal is to teach you strategies to break free and safeguard your capital. Without a comprehensive trading system, every trade risks becoming prey to market makersâ tactics.
Today at noon, Iâll host a live session to discuss upcoming market trends and actionable strategies to avoid being caught in unmanageable positions. Letâs dive into the current market overview:
Market Outlook and Strategy
The Ethereum and general market weekly structures have broken down, but the monthly structures remain intact. This current correction is targeting daily support levels for moderation, while a deeper pullback may test weekly supports. The market is entering a high-volatility phase, positioning itself within the mid-structure zone.
For altcoins, the overall picture suggests brewing weekly structures while the monthly formations are completed. If the market consolidates at higher levels or trends upwards this week, altcoins may reveal promising weekly patterns, opening the door to potential entry points. Until then, the focus remains on spot trades and patience.
Action Plan
1. High-Point Spot Orders: Gradually reduce exposure by selling into strength at higher levels.
2. Take-Profit Zones: Monitor the first and second take-profit levels on active trades.
3. Entry Signals: Await new opportunities for structural entries during this phase of volatility. The fifth phase of structural orders has been filtered and will be acted upon when clear signals emerge.
Advice for New Traders
For those new to trading or without a defined system, avoid the following:
Buying new or hyped coins
Chasing highs or catching falling knives
Engaging in contracts or futures trading
Focus on learning a structured trading approach first before committing capital.
Market Summary
General Market: Short-term corrections continue as the 4-hour chart tests daily supports. Selling pressure is evident around the $110,000 mark. Weekly support remains effective for now.
Ethereum: Similar corrections are observed. Key resistance lies at $4,000-$4,200, with daily support already breached and weekly levels under test.
Altcoins: Awaiting fresh structural opportunities for entries.
Monitoring Key Data
Binance Altcoins: Tracking 330 assets.
Structural Changes:
Weekly: Dropped to 0 active formations
Monthly: Increased from 227 to 257 structures
Combined Weekly/Monthly: Reduced to zero
Exclusive Opportunity
Currently, over 2,400 traders are following this analysis. To give back to the community, Iâll be selecting 10 individuals to receive free training on spot trading structures. If youâre interested, check the thank-you letter for more details.
Letâs navigate this market smartlyâtogether.
#MarketExperts #Market_Update #Bitcoin110KNext?