Is everyone preparing for JUP and dropping tokens they had invested into?
A significant drop for the most recent listed tokens $MANTA and $ALT on Binance has been recorded since the announcemente of JUP listing.
At the time of writing price of both tokens is dropping over 6% in the past 24 hours.
What can this mean? Binance is heavily used by crypto traders and everyone has seen a clear and huge opportunity of realizing a 50/70% profit from newly listed tokens.
This is of course part of the trading game and we have seen tokens bouncing back. As I've always said and will keep repeating, it's the project solidity that counts at the end.
If you believe MANTA and ALT are solid projects and expect them to reach new highs then hodling isn't a bad strategy.
On the other hand if you prefer trading to get short-term profits then there are times when you need to bring home a bad trade and start with brand new ones.
For those who decide to hodl, please make yourself a favor and don't look at charts for a while, you might be surprised to look at it the next day and see the price bouncing back.
My advice to those trading and facing a loss is to give themselves some time before engaging in the next trade.
