Current market characteristics of altcoins: delayed rebound, early decline. Altcoins often experience rebound trends at the end of a bull market, but once the market weakens, their decline is much faster than BTC/ETH.
When a pullback signal appears, you must decisively exit to avoid being trapped due to hesitation.
Being trapped ≠ waiting to be untrapped
Many who were trapped at high positions by the end of 2023 fantasize about prices returning to previous highs, but the reality is: only strong leading coins may rebound, while most altcoins will experience a long-term decline or even return to zero once the trend turns bearish.
Stubbornly holding on = passively waiting to die; the market will not change direction because of individual holdings.
The rise pattern of altcoins: in a cycle, the maximum rise of strong altcoins is usually 50%-100%, and very few can sustain multiple times of increase.
Not being able to escape at the peak = profit loss or even losses; you must learn to take profits/stops when the trend weakens.
If you hold altcoins and there is stagnation or a breakdown, immediately reduce your position or exit completely to avoid further losses. Don't fantasize about "selling at a slightly higher price"; the market will not provide you with a perfect exit point.
Patiently wait for lower price points, as the declines of altcoins are often more severe than BTC/ETH, and better bottom-fishing opportunities will follow.
Blindly bottom-fishing for "cheap coins" - many altcoins will never return to their previous highs after a decline.
Holding a full position without setting stops - this is the biggest reason for retail losses.
Altcoins are high-risk assets; trading requires more caution than BTC/ETH!
When the trend weakens, staying in cash and observing is the best strategy; keeping your powder dry allows you to seize the next opportunity.
Learn to stop losses and take profits to avoid turning gains into losses; the market is never short of opportunities, but lacks patience and discipline.
It's better to enjoy together than alone; if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
