If you’re not already in a loss, you’ll actually enjoy analyzing a red market like this.

Selling pressure is almost equal to buying pressure, and the market’s overall direction is still downward.

Many times it feels like a long setup, but the market simply doesn’t allow it to move up. In conditions like this, you can’t realistically build a setup with 95% confirmation.

However, if you know how to scalp, taking profit in this kind of market is relatively easy — though the risk is very high.

In my opinion, the market will move further down because support levels are getting pushed much lower across most good coins. That said, long-term spot holders can start DCA from now.

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