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Altcoin Long Position Safety Hinges on Price Response within Resistance

I need to monitor the response mainly within the rectangle, as it is high. But it may reach up to 63%, indicating a possible small decline again for altcoins. The higher it rises, the safer it is to consider long positions on altcoins.
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AI Analysis

The opinion focuses on the significance of monitoring price reactions within a specific technical pattern, referred to as the rectangle, which is at a high point. This suggests that traders should pay...

AI Recommendation

Based on the analysis, I recommend closely watching the price reaction within the rectangle to gauge market strength. If the price approaches the 63% level and shows signs of resistance but remains re...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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