🚀 What should I launch this week?*
We share the market analysis and a selection of relevant tools for working in the current situation from our trader-analyst Egor 👇
Last week, we tested the seller's zone at $112,200-$113,200 (volume zone) twice, and both times we received a significant reaction.
During the last recovery and movement towards the seller's zone at $112,200-$113,200 (volume zone), the seller showed weakness. An additional factor is that there are a significant number of stop orders above the $113,500 mark. This indicates a high probability of this level being updated and an ongoing upward movement towards the $114,400-$115,500 zone (volume zone) and the ~$116,500 level (volume anomaly).
It’s unclear how the seller will behave there, but it’s possible to expect a decrease for a few percents.
🤖 What should I launch?
Bitcoin's dominance has decreased by a few percent, but it remains high. Therefore, it’s now more advantageous to consider altcoins with low correlation with BTC.
Futures bots
Use futures bots on our platform as a hedging tool.
Spot bots
Spot bots can be considered, but it’s important to consider the risks of a possible sharp decline after Bitcoin reaches key levels.
*This post is not a financial recommendation. Make decisions based on your own experience.
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