Key Points of Altcoin Spot Holding Strategy:
Most altcoins are not suitable for daily or longer-period holdings. Daily holdings easily overlook the damage caused by movements below the daily line. Once the 4H level trend reverses, profits can often be significantly given back; those who trade frequently should be well aware of this.
A reasonable holding range is at the 30-minute or 4H level. This range allows for capturing high-volatility profit opportunities in altcoins while avoiding significant drawdown risks. Most altcoins break through consolidation based on 5-minute trends, with adjustments at the 4H central level. Entering at the right moment, one can exit after taking a profit on three buys in a main upward wave, which is a relatively safe trading method.
Opinion leaders in the crypto circle often talk about 'patterns', but in reality, it makes retail investors develop faith in benchmarks, holding long-term until they are forced to sell, which is a clever way to harvest retail investors. The essence of the cryptocurrency market is a bubble market, without a foundation for value investment; its only purpose is to allow people to arbitrage, and this core point should not be forgotten.