Can altcoins be bought at the bottom now?
I believe everyone has been speculating recently: Can altcoins be bought at the bottom now? Let me talk about my opinion. I think it is not the right time yet! !
Altcoins have rebounded in the past few days. From the perspective of technical analysis, most altcoins have fallen back below the pressure of their daily chart moving averages, showing that the current market has not yet formed a clear buy signal. The buying opportunity of altcoins is not yet mature, and it is expected to be in August.
Among the active altcoins, the price increase of some currencies exceeds 20%, showing strong market momentum.
However, when we participate in these active currencies, we should act cautiously and refer to the suppression level formed during the previous decline as an important reference for judging future trends.
In the face of the current market situation, it is recommended that investors adopt a direct wait-and-see strategy, that is, keep calm and observe, do not chase high easily, and do not blindly buy at the bottom. It is safer to wait for the right opportunity.
By deeply analyzing market dynamics and technical indicators, wait for clearer buy signals to appear before making decisions to avoid potential market risks
If you are not sure how to layout, you can find me through the pinned article. I am willing to share my experience and strategy with you, just for like-minded people! Let's get rich together!!
