Altcoin Profit-Taking Strategies:
1. Look at expectations and market cap: If you expect a certain sector to see a cryptocurrency with a market cap of tens of billions, then you don't need to frequently trade or overly monitor the market. Be patient, hold on, and watch if the market enters an overall frenzy stage. If you find that a cryptocurrency lacks potential, do not hesitate to take profits in a timely manner. Making mistakes is common; learn to accept and adjust.
2. Look at patterns and structure: For older coins in less popular sectors, their price increases are mostly driven by the overall market or major funds completing accumulation before a surge. At this point, you should determine the best selling point based on the cryptocurrency's technical patterns and structure, avoiding blind persistence.
3. Look at sectors and main/sub-lines: Coins in main sectors typically experience multiple waves of increases before reaching a peak, while those in sub-sectors tend to have more rapid fluctuations. Understanding the nature of the sector helps to grasp profit-taking opportunities.
4. Look at the overall market: Bitcoin and U.S. stocks are barometers of the market, and their trends are influenced by the economic environment and macro policies. In a bull market, stay sensitive to possible turning points and adjust your strategies in a timely manner.
