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Watching the Trap Line, Favoring Altcoins
I see a so-called magic line or trap line, and there could be a reaction if price reaches it. However, I don’t care much about Bitcoin because I’m focused on altcoins.
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Analysis
The opinion centers on a price level described as a trap or resistance line that could trigger a reaction when touched. The author signals a conditional interest in BTC only if the line is reached but...
Recommendation
Recommendation: monitor BTC near the trap line for a clear signal, but avoid aggressive BTC entries until price action confirms a decisive move (breakout or rejection with volume). Allocate focus to a...
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.