Altcoin holding levels

Most altcoins are not very suitable for daily and higher holding periods. Holding positions on a daily level means you are not concerned about the breakdown of movements below the daily level. However, a breakdown at the 4H level can often wipe out your profits, which those who trade frequently should have experienced.

In simple terms, limiting trading levels to 30F or 4H is a reasonable range. It allows you to capture the high volatility of altcoins without incurring massive drawdowns. Most altcoins break out after consolidating at the 5F level and adjust at the 4H central point. If you enter appropriately, you can take a profit from a primary upward wave and exit, which is a relatively safe trading method.

KOLs in the crypto circle love to talk about patterns, but in my view, the best way to harvest a retail investor is to make them develop a belief in a particular token, holding onto it, becoming a natural bag holder. The essence of the cryptocurrency market is that it is a bubble market, without any premise for value investment. Its only function is to provide arbitrage opportunities, and this premise must not be forgotten.