TOTAL - Hits October 10 Support = Dip Buy Opportunity

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TOTAL - Hits October 10 Support = Dip Buy OpportunityE-mini S&P 500 FuturesCME_MINI_DL:ES1!dRends35TOTAL, NQ1 Crypto1 Surprise surprise - crypto has its scary face on yet again. But its good to be aware that this is happening while stock indexes are dumping. As I covered in the previous S&P Futures post (linked), stock indexes have been in a fairly long and volatile sideways correction since the Trump Tariff threat back in October (arrow). And a 3 wave correction has already completed. So a next wave up may already be underway for S&P and this could be a very volatile pull back in an uptrend. If it is (it could also not be ๐Ÿ˜…) then TOTAL may continue to move with stock indexes and if a bounce comes then crypto may also bounce. Really, crypto can dump hard and all be fine so long as stock indexes are also dumping. - It is when crypto dumps alone that there is more cause for concern. So, assuming that stock indexes have not entered a major correction then this can be a nice dip buy opportunity in crypto. Notice that TOTAL is now hitting support from the October 10 - mega smackdown. This is the moment for contrarians to buy the dip as TOTAL hits this key liquidity structure. Its very dangerous of course but the moment to strike is here ๐Ÿคจ. This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.