So in the current market, Bitcoin has been squeezed for a while, and altcoins have also seen some rotation. What should be done? During pullback periods, add to positions for coins you are optimistic about and haven't had a chance to enter, coins that haven't formed significant holding patterns in the short term, and coins that don't show topping signals.
During upward movements, reduce long-term holdings by at least one-third, and then gradually reduce further; you can place high-priced sell orders or reduce in batches.
Never assume that every increase will be a straight line up. Similarly, don't think that every decline will be a curved drop. Today's drop, I don't see it as a risk; while it may not present a big opportunity, the rotation trend is likely to continue. Just like I said during the last drop to 89, and before the big election, I saw the drop not as a crisis, but as an opportunity. We should not be ruled by emotions and candlestick patterns, but should accumulate in batches, sell in batches, accumulate in batches, and sell in batches.
Some are asking if there will be a significant pullback soon?
On December 18, the Fed will cut interest rates, and Japan will raise rates! There could be a significant spike around December 20. The market won't enter a quiet period for 10 days in advance. There's still time; even 72 hours of convergence is still possible. At that time, control your positions and leverage well on short-term trades, and be ready for defense at the right point. Regardless of major adjustments or minor dips, treat it with a normal mindset.
Finally, a reminder: it's fine to add to positions if you're optimistic and haven't had the chance to get in, but liquidating your entire position can lead to missing out. Selling out feels good temporarily, but eventually, you'll regret it.
Seize these 4 altcoins with 100x potential that are about to surge!
JASMY
JASMY was launched by Jasmy Corporation for the Ethereum-based Jasmy platform, aiming to address data security issues. It operates in ERC-20 format on the Ethereum blockchain.
On December 3, the token surged 27.49%, marking the largest intraday gain in nearly 10 months. Although there was a slight pullback the next day, the asset achieved a more significant 45% increase on December 5, ultimately reaching its highest point in two years at $0.0590.
JASMY has currently dropped to $0.048. Its relative strength index (RSI) has also fallen to 68.
The asset must maintain $0.3912 to hedge against a larger decline. Below this level, the next support is at the 20-day moving average of $0.03178.
QNT
QNT is the ERC-20 utility token of the Quant blockchain project, designed to enhance interoperability between different networks through its Overledger network.
The token is one of the best-performing tokens in the ongoing bull market. Quant has been in an upward channel since early November, with bulls defending the drop below $96 on December 1 with a lower trend line.
As bullish momentum weakens, QNT must maintain above the Fibonacci 0.618 retracement level of $126.3 to stay within the channel and maintain its upward trend. If bullish momentum resumes, breaking above $170.7 could trigger the start of a new explosive phase.
Overledger connects blockchains and traditional systems without changing the underlying infrastructure. It supports the creation of multi-chain applications (mDApps) for seamless interaction across networks.
Quant targets industries such as finance, healthcare, and supply chain, facilitating use cases such as cross-border payments, supply chain transparency, and digital identity management.
By collaborating with companies like Oracle and Hyperledger, Quant stands out in combining blockchain with regulated industries.
MEW
MEW launched in March and is a cat-themed meme token based on Solana, standing out in a market dominated by dog-themed tokens. It burned 90% of its supply at launch, attracting attention.
In May, the project also collaborated with LOCUS Animation Studio to produce a 3D animated series, further enriching the storyline and expanding the fan base. Reportedly, the trading volume of MEW reached $150 million within hours of its launch, drawing significant attention throughout the Solana ecosystem.
As of December 1, MEW opened up 4.62% last week but has since declined. The token plummeted 7.32% in two days, retesting the low of $0.0083, and then stabilized around $0.009 after a slight rebound.
Its MACD also shows a bearish trend, requiring intervention to turn bullish. This week, MEW must recover above the pivot level of $0.010016 to turn its momentum bullish. Above this, the first resistance will be at $0.01204, and another resistance at $0.01329.
LINK
Chainlink is another token worth close attention. As this decentralized oracle network connects smart contracts with real-world data, its adoption rate is continually increasing.
The token recently broke through the key resistance level of $22.80, indicating strong bullish momentum. The total collateral value of Chainlink has soared to $37.57 billion, making it the leading oracle solution. This growth is driven by increased whale activity and a surge in new wallet addresses, currently at their highest levels in two years.
Analysts predict that LINK could reach $200 or higher in a continuing bull market, representing a potential 700% increase. Technically, Chainlink remains above key support levels, with room for further upward movement in its uptrend. With its unique value proposition of connecting decentralized applications to external data sources, LINK is a strategic addition to any portfolio.
