3 cryptocurrencies to avoid trading this week
Bitcoin (BTC) reached a new multi-year high at $47,281 on January 8, 2024. Following its leadership, some cryptocurrencies have traded at higher prices and are threatening a retracement. While most people wait for good price performance to deploy capital into a given cryptocurrency, smart money avoids trading overextended speculative assets as part of a good risk management strategy. Interestingly, investors can find cryptocurrencies to avoid trading this week using fundamental and technical analysis. In particular,‘overbought’ coins according to the Relative Strength Index (RSI). Avoid trading ConstitutionDAO (PEOPLE) ConstitutionDAO (PEOPLE) is the first crypto currency to avoid trading . The token has lost close to 17% in the last 24 hours, priced at $0.034 by press time. Cryptocurrency Top 3 altcoins to watch now Cryptocurrency Jim Cramer says Bitcoin is 'topping out' Cryptocurrency Machine learning algorithm set...