$TON {spot}(TONUSDT) Nice move currently but if we see the bigger picture we approached at the resistance and only breakout above will send us move, so keep an eye on it
Greeting frens Hope you're all doing well! A lot of you are thinking that many altcoins have already shown strong movesโbut the big question is: is it the right time to enter altcoins now? This thread is made to analyze the current state of the altcoin market. Weโll go over some key charts and points, and by the end, Iโll share a plan for possible long or short setups, what triggers to watch, and even name a few coins worth keeping an eye on. As always, my threads are beginner-friendly, so Iโll explain each thing briefly so that even if someone is totally new, theyโll understand whatโs going on. Thatโs my goal.
$TOTAL2 Chart This chart shows the total market cap of all altcoins including ETH. Market cap means the total money currently invested in these coins. It includes everything except BTC. Looking at the daily timeframe, the chart looks bearishโit recently broke a big trendline and is now retesting it while also facing a strong resistance zone (the big red area). Thatโs why things currently look bearish for altcoins. However, a common mistake people make is shorting at resistance without confirmation. Sometimes, resistance turns into support if the market breaks above it. So yes, we should be cautious and look for short setups here, but only if we get clear confirmation. Weโll discuss how to handle this kind of setup later. In short: weโre at resistanceโif we reclaim and close above it, thatโs bullish and could lead to an "Alt Rally 2.0".
$TOTAL3 Chart This chart also shows the altcoin market cap, but this time excluding ETH. That helps us get a more accurate view of the rest of the alt market. Currently, itโs been rejected from resistance, which is no surprise. The key thing now is to watch for a breakoutโeither above the green box (bullish) or below the red box (bearish)โto find potential scalp opportunities.
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$OTHERS.D Chart This chart tells us about the dominance of altcoins in the crypto market. When itโs going up, money is flowing into altcoins. When itโs going down, it means money is moving out of alts. Itโs a very useful chartโespecially when compared with $BTC.D. For example, sometimes BTC pumps, but if $OTHERS.D isnโt moving, that means money is going only into BTC, not alts. Right now, this chart is in a clear accumulation zone. Once it breaks out, that could be a good time to enter alt positions. But weโll only fully confirm altcoin bullishness when all three chartsโ$TOTAL2, $TOTAL3, and $OTHERS.Dโbreak key resistance levels. If that happens together, altcoins will likely boom.
Now, letโs talk about triggers: Long or Short?
Short Trigger Looking at $TOTAL3, weโre at resistance on the higher timeframesโbut thatโs not enough. We also need confirmation on lower timeframes, especially the 4-hour (H4). Right now, price is sitting on a support area. If that support breaks on H4 and breaks the trendline, thatโs our signal for a short opportunityโtargeting the big red box below.
Long Trigger For a safer long or buying position, we need to wait for a clean breakout above the green box on the daily timeframe. Thatโs our confirmation to go long on altcoins.
Understand the altcoins plan what to do? Now letโs see which more interesting things:
What are altcoins currently doing? Letโs talk structure. Many alts are forming a specific structure: DowntrendBreak of structure (BOS) in the downtrendAccumulation below resistanceBreak of resistance with strong volume This is basically an ascending triangle pattern forming after a correction. In such cases, we wait for two things before going long:
This is intresting to look I think so in this type of coins we have to simple wait for two trigger for going long on it. ๏ทย A retest of the red box (best buying zone in my opinion) ๏ทย A breakout above the upper trendline with good volume
Examples:
Examples
$STX Chart This is a full buying setup example. The ideal entry is at the red box, but if price breaks the trendline first, weโll wait for a different entry setup.
$AVAX Chart Similar setup, and there are many more coins showing this structureโsome of which have already played out.
And many more and mostly played out already.
All the best! Hope this breakdown helped you understand the current altcoin market structure and plan better.