🧠 Context:
Another chart showing a typical altcoin structure near the bottom. Price has dropped over 98% from the all-time high. The concept of a "bottom" here is highly abstract — risk remains elevated, and liquidity is thin.
📉 Chart Highlights:
▪️ Price is still moving within a descending channel
▪️ A potential double bottom or dragon pattern is forming
▪️ The 0.0833 level is a key zone to watch
📈 Potential Move:
If the 0.0833 area holds, we may see a push toward the upper boundary of the channel.
Due to thin order books, any move could be impulsive and fast.
⚠️ Note:
This is still a weak market structure.
The idea is speculative — focus on price reaction rather than prediction.
Another chart showing a typical altcoin structure near the bottom. Price has dropped over 98% from the all-time high. The concept of a "bottom" here is highly abstract — risk remains elevated, and liquidity is thin.
📉 Chart Highlights:
▪️ Price is still moving within a descending channel
▪️ A potential double bottom or dragon pattern is forming
▪️ The 0.0833 level is a key zone to watch
📈 Potential Move:
If the 0.0833 area holds, we may see a push toward the upper boundary of the channel.
Due to thin order books, any move could be impulsive and fast.
⚠️ Note:
This is still a weak market structure.
The idea is speculative — focus on price reaction rather than prediction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.