At present, the trend of altcoins can be divided into three types:
Independent trend: These currencies show independent trends, and the main control is strong, such as $OM, $BNX, $ZEN, $ENS, etc.
Following Bitcoin: These currencies have risen from the bottom and stood firm on the daily MA30 line. They usually follow the trend of Bitcoin, but may need a wave of retracement. This type of currency occupies the majority, such as $AEVO, $CKB, $PYTH, $PEPE, $DOGE, $RUNE, $AR, etc.
Relatively weak performance: Although these currencies have risen from the bottom, they have not yet broken through the daily MA30 line and are relatively weak. For example, $HIGH, $IO, $BLZ, $SSV, $ETHFI, etc.
It is recommended to focus on the second and third types of currencies.
A prudent strategy is to wait for the second type of currency to retrace to the daily MA30 and buy in batches.
If you want to be more bold, you can wait for Bitcoin to retrace, which may lead to a retracement of the third type of currency. Buy in batches during these adjustments to capture possible large gains.
Such a strategy can strike a balance between security and opportunity, and can be adjusted according to personal risk preferences and market expectations.
