For altcoins, these two days can be said to have experienced a 312. This is a crisis and decline caused by a liquidity run caused by external events.
This is not the bottom formed by a normal decline, so it is not applicable to the statement that "it is the bottom but not rebounding". You can refer to the trend of the currency circle after 312 and the Russian-Ukrainian crisis. In other words, if there is no worse war situation later, there is a possibility of V-reversal, or V-reversal after a certain amplitude and then oscillation.
The previous low point is the low point after panic selling + leverage cleanup. Without more external stimulation, it is basically impossible to go back. Even if there is a retracement after a sharp rebound, it is unlikely to touch this low point.
After the altcoin is washed like this, there is no need to sell it, just hold it. Moreover, based on its volatility, let alone 5x or 10x, even 3x leverage is not suitable for opening
Here is a little more faith in altcoins. Even if the overall altcoins have been bloodbathed in the past two days, quN scab🚀崴：tq58956 The market value of all currencies except BTC and ETH has not reached a new low in the market value of the entire currency circle. Therefore, I think there is no need to sell altcoins. As long as there is no leverage, you can recover your losses after a while. The rebound trend during the day is obviously much stronger than yesterday. The decline in the past two days has made many people very distressed, especially many people have a lot of altcoins in their hands. At this moment, everyone should cheer each other up. The bull market is still there, and this should be the last large-scale cleanup before the general rise of altcoins. Where is the road to altcoins? The currencies that are more resilient to the plunge this time are generally those with great momentum and potential. I am still optimistic about the following currencies
1.ONDO (Coinbase, Wall Street, BlackRock Investment, RWA leader)
2.ENA (Binance EUR Investment's stablecoin sector)
3.PEPE (King of Dogs)
4.PENDLE: (interest rate swap tool, TVL exceeds 4 billion US dollars, compared with similar protocols, the market value is still low, and it continues to break 10)
5.TON: (created by Pavel Durov, the founder of Telegram, one of the most popular social applications with more than 700 million users in the world, and born with a huge potential user base)
