The short-term pullback in has created lower-risk pullback entries into two hot NFT Gaming/Metaverse cryptos. Here’s how to play these top crypto swing trade setups…
In our recent , we showed you potential buy entry points if you missed the current short-term rally in Bitcoin (BTC).
Today, BTC pulled back to new support of its 50-day MA around $42,700–exactly the same level we pointed out in our prior video.
This Bitcoin pulled back has given us ideal buy entry points into two altcoins related to the NFT Gaming/Metaverse sector that are setting up for a potential buy entry now.
Check out the new video below to see the ideal buy entry points, as well as where to consider setting your stops.
CORRECTION: In the video, we said the symbol for Galaxy is GALA on most exchanges and GALAX on KuCoin. It is actually the opposite.
The NFT Gaming/Metaverse sector has been showing top relative strength since Bitcoin formed a bottom on Jan. 24. With a low, direct correlation to the price of BTC and massive growth potential, the NFT Gaming/Metaverse sector may see massive institutional inflows in 2022.
Most traders are familiar with and , both of which are solid plays in the sector.
However, has been stealthily showing massive accumulation in recent weeks, and has now pulled back to provide a low-risk buy entry on support of the 50-day MA.
is NOT a direct play in the NFT Gaming/Metaverse sector, but its recent partnership with SAND has caused it to start moving in sync with the sector.
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