During a normal general decline, there are always some coins that like to go against the trend of the leeks. For example, GFT, HIGH, PEOPLE, SATS, etc.
At this time, you have to find the real benchmark from the altcoins, the coin that can represent the trend of most altcoins.
These days, I have been using KEY as a benchmark. As a benchmark for altcoins, KEY's first line of defense is 0.0053 and its second line of defense is 0.0043.
Because I was worried about missing out, I bought some KEY at 0.00535 on July 4. On the same day, I immediately stopped the loss at 0.00524 when I saw that I couldn't hold 0.0053. I told the group members that there is a high probability that it will be at 0.0043 tomorrow. As long as 0.0043 can be held, the market can reverse.
Then, KEY held 0.0043, and I immediately bought the bottom. Normally, a big drop of this level will rebound to the highest point within 48 hours, so I sold it in the morning.
But some coins, such as GFT, did not fall but rose when the market plummeted on July 5.
Some coins, such as People, everyone fell to the lowest point at 11 noon on July 5, but it had to wait until the early morning to fall to the lowest point. Many people thought it was a loser, so they cut their losses at the bottom.
High and SATs did not pull up the average increase (the average rebound of this round of altcoins was only 20 points), and when you gave up, they suddenly started to pull up again.
These unusual coins often have a lot of leeks on the bus. As long as there are many leeks, these coins often have some unusual trends.
But there is one thing, no matter how they go, basically you should leave when this round rebounds to 30 points.
Next time you encounter such an unusual coin, you only need to remember one thing, whether its increase has reached the average value. If not, it often waits for you to get off the bus before making up for the increase.