LIVEOne night passed, perhaps many of you discovered that your position was no longer there, after tonight it was another battlefield, the liquidated amount was estimated to have exceeded 300 million dollars! However, different from the night of violent price pulling two weeks ago, last time those who were liquidated were the short sellers, and this time it was the buyers.
Negative NFP (Non-Farm Payroll) data or JPMorgan lowering interest rate cut expectations are just negative news, mainly bookmakers taking advantage of the news situation and the panic of investors. retail investors to wipe out the market. At a glance, many alternative coins (altcoins) have dropped by 10% to 20% in just one minute. If you don't set a stop loss, the consequences will be dire.
Before the NFP data was released, I thought there was a high possibility of negative news, combined with a sharp market drop, but the sharp drop in altcoins was really unexpected.
Currently it can only be said to be temporarily stable, the possibility of a sharp decline cannot be ruled out, so it is recommended to set three stop loss points for altcoin orders. Buying orders for Bitcoin and Ethereum preserve capital.
