Some Characteristics of "Trash" Coins 🗑
Examples: SUI, OP, ARB, ENS, AXL, PORTAL, PIXEL, PYTH, BIGTIME, ONDO, MATIC, XRP, MERL, AEVO, LTC, ICP, BLUR.
Traits:
1. Erratic Movement:
- Prolonged sideways trading in either large or small ranges, with many false breakouts.
- Example: ENS.
2. Slow Pace:
- Takes an excessive amount of time to see significant gains (like a 100% increase) or remains in consolidation longer than other coins.
- Example: MATIC.
3. Consistent Decline:
- Underperforms in bullish markets and often drops more than expected.
- Examples: MERL, BLUR.
Recommendation:
- Avoid: Sell these coins and avoid them in the future to prevent losses, no matter the market conditions.
Feel free to add more examples in the comments!
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