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CRYPTO MECHANIC
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Nice price action guys, Very organic
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CRYPTO MECHANIC
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The market will go up once you all stop getting excited over a 1% move.
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Throwback to 2016–2017, when we were trading Altcoins against BTC (XRPBTC, ETHBTC), not USDT. No endless stablecoin pairs. No hundreds of new coins every week. Spot trading was king, and futures had barely 5–10 coins at most. The market structure was simple. Fewer coins, less noise, and far less manipulation. You bought spot You waited You sold only to take profit or cut loss No 50x–100x leverage. No constant shorting. No funding rate games. No algos hunting every small move. That was the era when we witnessed the greatest altseason of all time. Today we have: Infinite leverage Perpetual shorts Too many tokens Too much noise Way less patience And worst tokenomics Good old days, Probably never coming back
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$ASTER New Low
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Remember what crypto mechanic told you when $XPL was launched? Its down 90%
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Bitcoin continues to trade within the range, Tapped range low yesterday and bounced. $88200 - 89200 will be a key zone to watch. It is the mid range and the zone price broke yesterday. Reclaim Above mid range - Price can go for $93k again As long as its below 89200 - it can go for range lows once again. As the price is ranging we have to focus on these levels, personally i will just avoid this chop as i have been, As a SPOT only trader the risk and reward here is not attractive.
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