Mainstream coins BTC, ETH, SOL, BNB have stabilized, altcoin market has restarted, old altcoins have completed a cycle.
A, FIL, LTC have fallen to the bottom and are currently restarting...
It is important to be cautious with altcoins like MYX that have no spot trading. Newbies should avoid shorting altcoins; they will eventually get trapped, as seen with TRB and now MYX. When shorting, do not invest more than 5% of your capital in any altcoin, and remember the industry rule: strictly adhere to position management. For contracts, do not invest more than 30% of your principal. Prepare for more than 5 times the liquidation funds on the day of shorting.
Newbies should avoid making money from shorting; it is better to stay in cash than to be liquidated.
There is no top in rising markets, but there is a bottom in falling markets.
Better to miss out than to make mistakes; safety first.
Duan Yongping lost over 100 million shorting Baidu and left behind a saying: never short.
Due to the lack of spot trading on exchanges, they find it difficult to impose restrictions. From the relevant charts, the price is also nearing the top. If it continues to rise sharply, it may lead to the depletion of the liquidity pool, and a significant drop may gradually emerge in the future.
