According to Miles Deutscher, traders should avoid the fear of missing out (FOMO) and refrain from making long-term positions based solely on a single relief move. Instead, it is advisable to focus on trading opportunities that arise from technical setups. Such an approach can help traders make more informed decisions in the volatile crypto market.

According to Miles Deutscher, the current technical setups for major altcoins such as Ethereum and Cardano are showing promising patterns for potential upside. Ethereum is forming a bullish flag pattern, suggesting possible upward momentum. Meanwhile, Cardano's recent breakout above its 50-day moving average could signal further gains. Traders should watch for confirmation signals before entering positions. Source: [Miles Deutscher on Twitter](https://twitter.com/milesdeutscher/status/1914922909174321378?ref_src=twsrc%5Etfw).

According to Miles Deutscher (@milesdeutscher), there are trading opportunities in altcoins, but they should be approached with strict technical setups and clear invalidation criteria. These setups are detailed in @mileshighclub_, emphasizing the importance of disciplined trading strategies.