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Open original source ↗Look at all those underside retests.
Despite all the hootin and hollerin from these young whippersnappers, $sol is up 10% from its lowest weekly close over a month ago. $BTC is up 5-6% from its lowest weekly close, and $ETH is up 20%.
There has been no reclaims, just underside retests. Not a lot of fun volatility. Just boring chop. I do think downside is quite limited, but again, this next cycle upside is too. We can only do the best with what we are given and make the most of it.
Im just trying to be as neutral as possible with expectation instead of extreme fear / greed. Bc thats where we are in the market currently.
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A few people prob need to get slimed out in the chop as we typically don’t V reversal. We likely need some time sideways with fake outs etc. + the other things like competing with ai attention and allocation. Look at sol, and many others that had bearish retests thus far.
Pentosh1 ↗