For example, there are a few altcoins I’m currently watching to potentially build long positions. OP, APT etc.., looks interesting. Since February, it has been in a clear downtrend, consistently forming lower lows and lower highs without breaking structure to the upside indicating continued bearish pressure.

However, price action now seems poised for one of two scenarios:

1. Bullish Case: A bounce from the current level could lead to the formation of a higher high and higher low within this intra-range structure, potentially setting up for a breakout to the upside.

2. Bearish Case: If this support level fails, we could see a sweep of liquidity and the formation of a new low. In that scenario, more than 50% of the altcoin market is also likely to follow and print new lows unfortunately.

That said, if you're managing risk properly, these kinds of moves can present solid buying opportunities. We had already discussed taking profits in previous weeks which is why I exited some positions and secured gains from the market.