Although I am not optimistic about altcoins in the long run, we have reached a turning point at the daily level for altcoins, and the probability of a daily-level rebound has become very high.
For a simple example: $sui
This is expected to be the third rebound point at the daily level. The reason why the probability of a rebound is high is that, from the overall pullback perspective, it has not dropped below 61.8%, and there is a clear bearish divergence.
The risk-reward ratio for betting on a daily-level rebound here is relatively high.
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