#HODLTradingStrategy Elon Musk has generated a stir by announcing the creation of the "America Party", after criticizing Trump's spending plan. A poll suggests that 65% of people support this new party, which could change the political dynamic and affect cryptocurrency markets. Musk aims to alter the composition of the Senate and the House of Representatives, increasing the relevance of the new party, although it is not yet officially registered.
Implications for the cryptocurrency market
Potential Benefits: If the party promotes deregulation, cryptocurrencies like $BTC and $ETH could benefit.
Volatile Opportunities: Movements in $DOGE are anticipated due to Musk's hints, while privacy-focused coins like XMR and ZEC could gain popularity.
However, the announcement has led to frauds and phishing activities. The community is divided, and traders need to be alert to future volatility.
More traders are choosing to HODL in an environment of macro and market instability, with 70% of long-term BTC holders. The strategy focuses on:
— Selecting solid assets
— Ignoring temporary noise
— Accumulating at strong supports.
