🚀 What should I launch this week?*
Our trader-analyst Egor has prepared a market analysis and recommendations for you on the current instruments👇
On Monday, in our weekly analysis, we expected a continuation of the decline, which is exactly what happened. When the $105,600-$104,500 (volume anomalies) buy zone was tested, there was a sharp increase in volumes. At the moment, there was a sale absorption, but when the price was retested, it easily passed this level without much resistance.
At the moment, we’ve tested the lower boundary of the global flat at $102,000-$116,000. Here, we see strong volume anomalies that could lead to a correction. However, this isn’t enough for a full-fledged reversal, as the structure remains downward, and there is a wide area of seller-driven volumes above the current values.
Until the end of the week, we can consider a sideways movement between two volume zones: the level of ~$101,000 and the range of $103,700-$106,700. However, shorts are the priority. If the buyer doesn’t show activity today, the next reference point will be the volume zone of $97,000-$93,000.
💡 What should we pay attention to?
The dominance of the first cryptocurrency remains high, so long-term strategies will require careful selection of coins. Of the TOP 50 by capitalization, $DASH and $ZEC have maintained a steady trend.
🤖 What should I launch?
Futures bots
The most conservative and secure option in the current conditions is to use futures trading bots:
• Crypto Future;
• High Volumes;
• Mean Reversion.
*This post is not financial recommendation. Make decisions based on your own experience.
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