Altcoins are surging, but don’t rush in blindly! Avoid these three types of coins! ⚠️
1️⃣ Be cautious with strong coins! For example, OM, LAYER, MEMEFI! MEMEFI doubled a few days ago, but yesterday it plummeted 62% when the market rose! Other similar coins like gas, fun, fartcoin, etc., are bear market speculative coins, don't touch them! If they can’t rise, exit your positions!
2️⃣ Stay away from sideways coins! Coins that are trading sideways on the annual chart have no meaning in following the trend, the time cost is too high! If you can’t keep up, just give up!
3️⃣ Be careful with new coins! Recently launched coins, especially those on Binance ALPHA, have no potential at all! Don’t touch them, or you’ll just get scammed!
Altcoin risks are high; shorting at highs is the smart choice!