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After looking around, most altcoins on the 4-hour chart show MACD bullish divergence, and the daily chart has entered the oversold zone. The probability of an W bottom is quite high, and the weekly MACD is about to form a golden cross, but the monthly chart's trend is too ugly.
In summary, the short-term can be a gamble, as the rebound probability is relatively high. The risk-reward ratio is acceptable. I'll go ahead and take a position $AVAX $ADA $LINK $PYTH $BIO $XPL
Wish me good luck~!
#AVAX #ADA #LINK #BIO #PYTH #XPL