Asset Depleted vs Bitcoin and Ethereum — Avoid New Longs
I've observed the asset become depleted relative to Bitcoin and Ethereum.
That suggests it has lost relative momentum, liquidity or market share versus BTC and ETH.
I would avoid initiating new long positions until I see signs of recovery or improving relative strength.
Analysis
Recommendation
Don't buy now; wait for clear improvement in relative performance or liquidity. Consider reducing exposure or reallocating to stronger crypto leaders like BTC/ETH until conditions change.
Disclaimer
The 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.