Last night, the market plunged sharply, and I bought some new coins and recovered some losses... The reason for the bottom-fishing selection is included.
The strength and weakness of altcoins can be better seen in the plummeting market. For example, when the big cake rebounds, it rebounds more, and when the big cake goes sideways, it continues to rebound.
Some coins follow the decline but not the rise. At this time, go long on strong coins and short on weak coins.
In the rebound market, we often see a classic trend: every time it rebounds a little, a negative line will appear, stepping back to the structure of the previous level. Sometimes, this stepping back will go through two or three steps, and the latter steps may be deeper than the previous ones to trigger the orders with "break stop loss" in front.
Therefore, if you interpret the rebound strategy in the box oscillation stage, you can consider setting the stop loss slightly wider than the previous low. This is a way of thinking. Although it is not applicable to all situations, it can provide better preventive measures in some scenarios. (Strategy page introduction)😖
Bottom-fishing FOXY, ULTI, W, ORDI recovered some blood, and the idea is not complicated.
FOXY
Can you believe it? The total market value is less than $100 million. While Linea's TVL has been growing, the circulation of the top meme coins has only reached 30%. Follow the trend, this is a great opportunity.
ULTI
Some people are confident in Electric Sheep and believe that its structure has speculative potential. When the market stopped falling and went sideways, the volatility was still violent and the trading volume was high, which made me guess that it was unlikely to fall. In addition, the Electric Sheep project is very good at marketing. Even when listing the currency, they used routines to guide most people to flock to OKX, and temporarily closed deposits and withdrawals, and opened high on GATE to pull the market. Such a tough dealer obviously has excellent chip control. It seems gentle, but in fact it is ruthless.
W
Before the big drop, Electric Sheep performed quite strongly, inserted into the chip-intensive area at the daily level, and the stop loss setting was narrow. In addition, I learned that some Singaporean friends were stuck in this currency, and they may be about to get their money back, which is a good opportunity to buy at the bottom.
ORDI
This time, even though hackers and leaders called for orders, retail investors in the group chat did not actively follow up (they had been deceived too many times before and were emotionally alert).
