From the market perspective, we haven't seen a stop in the decline yet. Please don't blindly try to catch the bottom, but you can consider buying a portion first, for example, start with 10% in the leading segment. If it drops another 10%, buy another 20%, and if it drops another 10%, buy 40%. Use a doubling strategy to buy the dip.
The significant drop began last night, so the panic sentiment has not yet subsided. It is very likely that there will be another test of the bottom, so please pay attention to the risks! Set your take-profit and stop-loss! Of course, it is also not suitable to blindly open short positions at this time, as a sudden market reversal could happen, and a big bullish candle could be enough to trigger losses. It’s better to watch more and act less in these two days.
Taking advantage of the current market decline, we can prioritize the following strong cryptocurrencies: ETH, SOL, DOGE, PEPE, SUI
If you accumulated positions around November 5th, just hold on patiently. If you are stuck with high-priced positions and your allocation is full, you can wait for the market to rebound close to your cost price to appropriately reduce some positions for buying the dip again during the next decline.
The above shared content is for reference only and should not be considered as any investment advice. Friends should still make the best decision based on their own circumstances.
