Top Altcoins (10 charts)
03/10/2024
Bitcoin has just experienced a nearly 10% correction since our last update, highlighting its valatile nature.
However, this is the perfect moment to closely monitor the market and identify which altcoins are showing strength and recovering the quickest. Several altcoins have shown resilience, with a few even gaining while the broader market saw double-digit declines. One example of a trade I'm currently holding is OM:
*$OM $1.05 area support
Stop loss: 0.815
Take profit; 1.74 (or 1.4 to lock in profits more early)
Risk / Reward ratio: 2.8
OM was one of the few that continued its uptrend making a new local high. Depending how Bitcoin’s trend continues, I might use a trailing stop loss or trim some profits at 1.4.
The remainder of this report is available exclusively for paid subscribers, where I delve into nine other trades that I believe represent some of the strongest opportunities in the market right now.
