One, the rebound after significant liquidations has arrived; what should be done?
Today is December 12, 2024. The market has rebounded quickly after experiencing significant liquidations.
Everyone should remember, if you haven't timely reduced your position or lowered your leverage before, now is the time to do so, locking in some profits to avoid severe losses in extreme market conditions.
Remember:
Don't panic and cut losses during a downturn. Most losses are due to excessive position sizes. If the position is not large, a drop can actually be a good opportunity to average down.
When prices rise, control your greed. Only by staying calm can you capitalize on opportunities when others are panicking.
Two, rebound coins worth paying attention to recently
Recently, the standout performers during the rebound have been: LINK, AAVE, and SUI.
This wave of increase is mainly due to the Trump family purchasing AAVE and LINK, driving up the market. However, these coins have already surged, so it is not recommended to chase them now.
Three, focus on BNB and the BNB ecosystem
Today, there is a coin worth focusing on: BNB and the BNB ecosystem.
BAKE has pulled back quite a bit, which is a potential opportunity.
According to the rules, BNB has new projects approximately every month (for example, the new project on November 14). The last USUAL project brought good profit results.
If BNB launches a new project again, it is expected to bring a new wave of price increases. For short-term trading, the risk-reward ratio and win rate are very favorable.
Four, those who like high volatility can consider CAKE and BAKE.
If you enjoy short-term trading, CAKE is a good choice; small capital can also yield large returns.
If you want to double your investment in the short term through spot trading, BAKE is more suitable.
But remember:
In the market, one cannot expect both the stability of Bitcoin and the large gains of altcoins. Altcoins rise quickly, but they can also fall back to weeks or even months of gains in a single day.
Five, lessons on market trading risks
I have personally learned lessons during this bull-bear cycle.
Altcoins bring huge profits, but the risks are extremely high.
For example, the operations of ARB and OP were successful, but expecting STRK to perform well did not yield satisfactory results.
On August 5th, Ethereum dropped 20% in one day, making me realize: even if the strategy is optimized, it is still possible to overestimate my ability to manage risks.
Sixth, the rules of survival in the market
Remember this phrase: 'Living long is more important than making more in the short term.'
Conservative trading does not mean you can't make money; it just takes time.
Aggressive trading may lead to significant short-term profits, but once a liquidation occurs, all previous profits can vanish.
Summary:
Reasonably control your position to avoid the impact of extreme market conditions. A steady approach is necessary for long-term survival in the market.
Today's article ends here, welcome to come play on the homepage~
Investing involves risks; the above content is a personal sharing and does not constitute investment advice!