Altcoins are extremely oversold.
D3 and Weekly timeframes look good.
Last week we saw solid bounces on $MON, $LIT,
$PENGU and
$USELESS to name a few.
I think it's a bit silly to want to short altcoins at these levels.
Instead, I want to look at which altcoins
-Hold structure on pullbacks
-Show relative strength
-Refuse to make lower lows
Those are the ones that will expand the hardest.
I thought we would see another leg lower.
But there is quite a strong divergence between sentiment and HTF structure at these levels.
This week, I will be looking for longs, not shorts.
This doesn't change my H