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 HTF view.
I just think we will see mean reversion before lower.
MON1.92%
LIT1.75%
PENGU-1.61%
USELESS10.64%
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