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What percentage of your portfolio is in Altcoins ?
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20 - 30% sharp drops are really a great opportunity to play a quick bounce. I have done it so many times The drops on these coins are sharp because people chase it with high leverage they get liquidated and some people panic sell it as they only like to see it going up. Liquidations make the drop bigger and sharper.
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Bitcoin dipped 33% in south Korea as the country declared Emergency martial law.
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23% Dip on $XRP in less than 2 hours and this is enough to liquidate people who were long with 5x and above leverage.
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You will get nothing from shorting a coin when it's in a strong uptrend. Do not try to fight with the trend , Always try to find long setups when the market is bullish because that's where the most amount of the money is made.
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