HOLDING LONG POSITIONS MIGHT BE RISKY HERE!!

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Welcome to this ALTPERP update.

ALTPERP is facing strong resistance here in the daily time frame. Longing anything here is a bit risky. It's better to wait for a pullback. For another bullish rally in Alts, we really need to break this resistance zone of 2300-2400

IMO it's better to wait for Altperp to come down to around 2100 level. If it holds the 2100 level and bounces then we see some bounce in Alts too. If it breaks below 2100 level too then we see more dump in Alts.

So basically it's better to wait for some time to go long in Alts.

Hope this chart helps you to make better trade decisions. If you like this idea then do support it with like and follow.

Also, share your views in the comment section.

Thank You!