Chart says it all. If you're into stops, I'd keep a loose stop loss here. Alpha is shaking this market to death. Alts should stop bleeding after BTC gets a direction. Whether it breaks 6k and continues bear or doesn't and begins uptrend, alts should be shaken out enough.
Potential bottom coming. "Major support" at 0.01... We'll see how that works. It's a long, but WAIT for the insiders to reverse the market. It's better to long at 0.013 after them, than long here while they shake off every last dead leaf from the market. Remember, market generally doesn't reverse until every margin has been called, every stop loss has been...
VERY VERY CLOSE.... Be patient. In April, DOGE began to pump before BTC... It started dumping at the end of April, before BTC started dumping at the beginning of May... Market maker using DOGE to give a hint? Probably not... This year's low on DOGE is 35 sats, so it might not be a bad idea to throw up some ladder buys if you prefer. Maybe 37, 32, 27 and...
Reversal potential. Wick to 0.00002650 wasn't quite the H&S completion these Wall Street guys go for, but it looks like it's probably the bottom. Will wait for the Coinbase hype to die a little bit before opening a position.
Followup to Could long here with a stop loss at 0.0047, but I wouldn't. Not a fan of losing. The key is to figure out how to never lose money. Trade less. If you have to use a stop loss, you're probably in a trade you shouldn't be in. No asset worth trading goes into an unpredictable freefall.
SMALL long open. I don't recommend anyone else trade this. Possible reversal, but the blood bath doesn't feel over. I'm pretty sure we haven't hit despair yet, with the amount of permabulls still posting charts with arrows pointing up. Those folks have a tendency to be broken and in hibernation when the market is actually about to reverse.
Stellar H&S is NOT complete, but I would close short here. Possible throwback. Sorry for the 1D chart, but I had to use it to highlight the H&S. ALWAYS trade longer time frames. 1W is ideal.