⚠️ From now on, the price enters a dangerous zone. 📈 The SMI (Stochastic Momentum Index) signals an overbought region. ⌛ Waiting for a sign of weakness in the current bullish move to go short.
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The dollar's dominance in stable coins is in the middle of a triangle. There is still room for more high in the market. I only see conviction when this indicator signals which side of the triangle is going. Perhaps it is more prudent to wait to reach the end of this triangle.
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Complementing the idea that it is not yet time to go short, the total capitalization of the crypto market, excluding stable coins, continues to increase:
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