Many people have come to ask me these past two days: Is it too late to enter the market now?
There are a lot of new funds pouring into the market now, and many small currencies have reached new highs in advance! This situation may mean that the market is about to reverse, and a bigger market may be coming. Faced with such market dynamics, many investors may be tempted to chase the rise, but position management is super important at this time.
When the market rises, our strategy should be to sell positions in batches, take advantage of the high market sentiment to sell high, and buy low when the market adjusts. Don't blindly chase the rise and buy. The key is to learn to buy when no one is paying attention and sell when everyone is discussing it. This reverse operation strategy can help us make better profits in a volatile market.
Next, the currency market will be affected by two major events.
One is the general election on November 5, and the other is the interest rate meeting date from November 6 to 7.
Looking back at the past few months, the performance of altcoins has been up and down, with an overall downward trend. Only a few meme coins and a few public chains have performed relatively strongly.
This method of smashing and washing the market has also appeared in the previous bull market, but this round of bull market is more violent and slower. However, once the big market comes, even if it has experienced a few months of decline before, the price of the currency can rebound quickly in just a few weeks.
Follow Xiaoxian and don’t get lost~ If you want to grasp the code of wealth, you can see Zhuye and take you to take off!
