After REEF surged for many days, it plummeted 55% from its high. Do not buy and hold it for too long.

Many people may think that the sudden plunge in prices at high levels is a good opportunity to buy the bottom and wait for a rebound.

I admit that normal varieties such as mainstream coins can do this, but it is more dangerous to think so for altcoins. You can refer to the previous trend of $HIGH, which fell infinitely without rebound.

Due to the low market value of altcoins and the concentration of chips in the hands of dealers, once artificially pulled or smashed, it is basically a very exaggerated one-sided market, unlike mainstream coins that will pull back if they rise too much and rebound if they fall too much.

In addition to meme, many small currencies with low market value can only rise by pulling the market. After the dealer pulls the market and sells the goods, it plummets and rarely pulls it again.

Moreover, retail investors always like to short at high positions and go long at low positions for such altcoins with large fluctuations. At present, the REEF funding rate has returned to a positive number, and the bulls are leading. If you are a dealer, which side would you choose to harvest?

Don’t think you are getting a bargain by buying now. No one bought REEF when it was 0.001. Then it rose to 0.01 and then plummeted to 0.004. If you bought it at this time, wouldn’t you be taken advantage of?