Will the market really usher in a more comprehensive prosperity? Are there other situations, such as the lack of follow-up of altcoins or new adjustments in the overall market?
Recently, I am more optimistic about #PEPE , #PNUT and #WIF . Among them, PePe's support level is 0.18, PNUT is 1.5, WIF is 3.0, and Neiro is at 0.002. It is recommended that you place some spot buy orders at these key points and hold them patiently after buying.
The reason why I prefer to encourage everyone to enter the market in spot rather than contract trading is that although the small coins have already pulled back a lot, they seem to have entered the buying range.
However, it is worrying that #比特币 has almost no pullback and is still at a high level. According to the normal market trend, if Bitcoin continues to climb upward, then everything will be fine. But if Bitcoin experiences a sharp correction, due to its current high position, small coins are likely to suffer a more serious decline.
So in this case, contract trading is too risky and not suitable, while spot trading is relatively safer. In addition, in order to reduce risks, we should adopt a strategy of entering the market in batches. For example, for PNUT, when the price reaches 1.5, we can enter the market partially, but this is not the entire position. We can also place an order at 1.3 to prepare for both situations.
After all, the current market environment is very different from a month ago. The price of Bitcoin is indeed high. Everyone must pay attention to and do a good job of risk management when entering the market.
Although Bitcoin is currently at a high of 95,000, I firmly believe that the bull market will continue to advance. This time we really hope to reap rich wealth in the cryptocurrency market, and everyone must hold all currencies well. At present, Bitcoin is in the stage of sucking blood from altcoins. Once the Bitcoin stretch market ends, altcoins will start to follow the rise mode, and the market will usher in a more comprehensive prosperity.