Honestly, the daily charts on alts don’t look great to me right now.

It feels like a 15-30% drop in alts might be brewing, but I’m not sure why—there’s not much liquidity below.

By the end of the next day, if the daily charts close with a solid green candle, I’d bet on good growth. Otherwise, stay on your toes.

This is just a quick take, but in my opinion, the market should reverse soon. If it does, it would be a perfect move to shave off the remaining margin traders. 🚨

Shall we save the guys from bankruptcy? 😏

Or should we let them experience “financial natural selection”? 🤑
#RUNE

Today's 33% drop in a single candle caught my attention, and I wanted to understand the reason for such a dump in an otherwise neutral market.

Turns out, Thorchain (RUNE) is on the brink of collapse, and apparently, the project has no funds to resolve its issues.

You can read more about the incident here: Link.

Takeaway: Even solid products and well-capitalized projects can teeter on the edge of failure. Remember where you’re trading and don’t put all your eggs in one basket. 🪙

I’m waiting for the US market to open and for today’s close to start forming swing positions. Overall, I’m still optimistic.

Bitcoin’s daily close was solid too—it’s back above the 100-102K zone. Essentially, the drop was minimal, aside from the margin liquidations on alts.

The top coins like TRX, HYPE, and LINK handled the drop really well.

From a safe long perspective, I’d consider these. With a 3x-5x leverage, they should hold up even through a pullback.

If you’re taking large positions of 20-50-100K, then coins like PeiPei definitely won’t work—they can show 30-50% volatility even within a single day

#alch 1h chart

I like everything except the fact that their market maker is DFLabs—hands down, some of the toughest algorithms, in my opinion. 😅 They’re great at pump-and-dump schemes.

I don’t see a reliable entry with a tight stop. The aggressive play would be entering now with a stop under the 0.43 zone, but it’s foolish to get stopped out on liquidity grabs.

So, I’m entering through two entry points: 0.46+ and 0.4, with a stop below the daily candle close under 0.04. I consider this a relatively safe trade for the next 1-2 weeks. 🚀

#trx long limit/market 0.239
stop below 0.2 1d
risk 0.5%