The altcoin season has arrived! A collective plunge!
Altcoins rose sharply in early November, but now they are falling like a waterfall. The altcoin season has not yet arrived, and the downward trend has begun! Don't worry, I'll tell you. You have to understand what a bull market is first. Simply put, the general trend is upward, and it is rising very fast.
This also means that the volatility is very large. For altcoins, it is normal to fluctuate about 10% at ordinary times, and 15-20% fluctuations in the bull market are not excessive. Now the altcoins have fallen below the key support level and are beginning to enter the bottomless area. Some coins with high market value may pull back 75%, and it is not impossible for coins with low market value to return to the starting point.
Don't think that the bull market is gone just because of the big drop, otherwise you will lose a lot. Remember, if you are long in a bull market, you will have a chance to get out of the trap even if you are trapped, but if you are short and trapped, you may have to wait for the liquidation.
How to deal with altcoins now:
If you have multiple orders: don't rush to sell, otherwise you will regret it when the price goes up again. You can build some short orders to hedge. When you see a strong reversal signal, add more positions to lower the average price of long orders and wait for the cryptocurrency carnival after Trump takes office next year.
If you don't have multiple orders or didn't make enough money a while ago: just wait for the reversal signal. Buying at that time means buying in the golden pit of the bull market, and the entry position is excellent. Don't rush to buy as soon as you see a big drop. The bull market is for those who are patient.
For the next layout direction, I will lead everyone to aim at the profit opportunities of altcoins, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!