$BTC.D For a moment, ignore that this is Bitcoin Dominance's chart, and consider it a random ALTCOIN or even BTC, Would you but it here? Given the candle behavior and the recent retest?
Now take that answer, and apply it to this chart being the bitcoin dominance, the core threshold of what altcoins can and can't do. What results do you get?
Pairing this with BTC's own price action is a great thing to do. $BTC
{future}(BTCUSDT)
🚀 Trade Idea: $VELVET /USDT LONG
I Just entered a LONG on $VELVET . Price structure is bullish, momentum is building, and buyers are clearly in control. I’m targeting an 18% upside move from current levels if momentum continues.
📍 Entry: $0.98
🛑 Stop Loss: $0.89
🎯 TP1: $1.08 (+10%)
🎯 TP2: $1.16 (+18%)
The chart is showing strength above key moving averages, and as long as bulls defend support, this setup looks attractive. Risk is defined, reward is solid. Now it's time to let the market ...