I’m expecting a reaction near the previous breakout zone. At the moment, I’m not comfortable holding positions, especially in altcoins, until I see more confirmation. Only a few altcoins have strong structures, but the majority are just P&D setups.
Most meme coins are not worth buying right now, except for some of the newer ones within the Binance ecosystem. SOL appears to be forming a new range, so it’s moving slowly there. The only coins I’m currently eyeing are TOSHI, with potential for a nice bounce soon, and possibly FARTCOIN and AI16z for the longer term.
Targets & Strategy:
My target for TOSHIUSDT is a bit ambitious, so I plan to take profits or adjust my position as necessary. It all depends on BTC, it’s crucial that it holds above 90k for bullish continuation.
