In the face of the altcoin crash caused by Bitcoin and Ethereum's wash trading, novice retail investors can adopt the following strategies:
1⃣️ When fully invested and trapped: Stay calm, choose to lie flat, and do not attempt to quickly recover losses through leverage, as this may result in risks such as spikes, liquidation, or even going to zero.
2⃣️ When out of the market: You can choose a few coins that you believe in to buy at the bottom, such as $DOGE , $SOL , ETH, BTC, $XRP , etc., but enter the market in layers, do not invest all at once, and do not try to buy at the lowest point, as this is nearly an impossible task.
3⃣️ When funds are tight: If you feel anxious due to the recent market downturn, you can choose to engage in day trading, not holding positions overnight, which can reduce stress.
4⃣️ For contract trading enthusiasts: It is recommended to focus on ultra-short-term trading, avoiding long-term operations, as they can easily be buried by the market. Whether going long or short, remember to set stop-loss and take-profit orders to prevent liquidation due to spikes.