TOTAL3 (Altcoin Dominance Excluding Ethereum) Analysis

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TOTAL3 (Altcoin Dominance Excluding Ethereum) Analysis

📉 Current Outlook:

No clear signs of an Altcoin Season yet.

TOTAL3 chart suggests further potential downside before a reversal (as highlighted with the blue arrow).

Altcoins may drop more before bouncing back.

🎯 Strategy:

Wait for Confirmation: Hold off on altcoin positions until a clear trend reversal is confirmed on the TOTAL3 chart.

Focus on Bitcoin: In the meantime, consider trading Bitcoin in both directions (long/short) for better opportunities.

Risk Management: Always use proper stop-losses and position sizing to manage risk.

💡 Key Takeaway:
Patience is key! Let the market show its hand before committing to altcoins. Bitcoin trades offer a safer playground while we wait for the altcoin market to stabilize.

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