🔥 Perp Market Carnage: Don't Be a Bagholder! 📉
This isn’t distribution, it’s a rush for the exits. High-beta alts are getting wrecked – down 25-40% in 24 hours. Forget blindly buying the dip. We need structure.
🔴 **Avoid These (Extreme Risk):** Major support levels have been blown through. These are likely continuing lower.
🟠 **Scalp Opportunities (If $BTC Stabilizes):** Potential for quick bounces, but keep it tight. Look for 15m/1h higher lows, volume spikes, and reclaimed resistance. Quick longs only! 🚀
🟡 **Weak But Not Broken (Controlled Pullback):** These could form a base for accumulation *after* confirmation. Don’t chase red candles.
Right now, the trend is strongly bearish. Any bounce is a shorting opportunity, not a spot buy. Protect your capital.
#CryptoTrading #PerpTrading #Altcoins #BearMarket 🐻
