As we go through the altcoins market, we continue to see a mixture of charts. Some projects continue to trade at bottom prices while others have been rising nicely. Some projects have been moving lower but we tend to ignore those. This is because at the moment these are not the best options. The ones I share, can be good if you want to participate, can be good to learn technical analysis, to buy and hold, to trade.
Naturally, some projects will move in the opposite direction to what we expect. If this happens, do not be dismayed, do not lose heart, things like this happen and are just part of the game. We get to win and lose. We get to lose and fall. From the fall we learn, stand up and comeback stronger for more. A sure win happens when you never give up.
If you've been hit by the strong wave of liquidations; if you had a hard time with retraces, market swings and price fluctuations, it is time to remove or lower the amount of leverage on your trades. It is ok to do so. Do not think of "recovering" or "gaining back what you lost." This type of thinking can cloud positive results. If you do a good entry and you are doing fine but thinking of past trades, it can make your current position less appealing.
Go back, start over and never give up. We are here to learn, to trade and to grow. We cannot win them all but we can learn from everything and that's the point. With learning and experience, we can reach our goals.
Hyperliquid —HYPEUSDT
There is something very interesting happening here. HYPE hit a new all-time high then followed with a red day. Naturally and normally, everybody started to expect a crash and I received several comments with questions, my answer you likely already know. I told them we will see additional growth. And it is happening.
HYPEUSDT continues straight up. The current chart might turn into sideways, might resolve into a retrace, I don't know, but the truth is that a pause is happening right at the high and this is really good.
Bitcoin retraces—what one does, the rest follows. Bitcoin retraces yet we see projects rising, strongly, like this one and NEARUSDT. What does it mean?
It means the bullish cycle is not over, it means Bitcoin is not going to trade below 60K, not at all. It means we get additional growth and the market knows. Or else, instead of higher highs, strong accumulation and new all-time highs, we would be seeing a major crash on the altcoins.
This is a very revealing chart and can help you sleep easy today. Your altcoins holdings are safe—we have good things coming. Do you trust?
I am the Master of the charts.
Namaste.
