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ALTPERP D1: 40% correction WARNING/ a/b/c/d (NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT ALTPERP Just showing signs of weakness and recommend to stay out of this market into the correction.
🔸 Summary and potential trade setup ::: ALTPERP D1 chart review ::: updated/revised outlook ::: correction MODE in progress ::: sequence of lower highs - BEARS ::: BEARS FLAG progress / WEAK SETUP ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: not a great looking chart ::: limited upside from here due to ::: general market weakness and BTC weakness ::: S/R was re-tested and we are still flushing ::: price/ RSI div very clear on D1/H8 TF ::: expecting correction/pullback mode ::: CORRECTION required to attract ::: new buyers from the lows ::: 40-50% correction possible next ::: 4-8 weeks in May/June 2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: correction MODE up next ::: be careful don't get caught up in this ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: STAY OUT / CORRECTION WARNING ::: BULLS stay out until correction is over ::: correction run not over yet ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION
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