There are three main types of people in the currency circle: conservative, risk-balancing, and enterprising people. Conservative people just don’t know how to learn anything and can only buy Bitcoin spot and let it sit for a few years before making a profit. These people usually They won’t make a fortune because their earnings won’t rise much; people who can balance risks will buy spot and make contracts, but they won’t spend too much time understanding which currency can make the most money. Even in the market, you can't make much money; enterprising people are the ones who will make a fortune. Why?

Because in order to make money, they not only think about risks, but also try to gain advantages for themselves under risks. They are aggressive but not gambling. They execute transactions strategically. Today I will teach you how to simply become such a person. In fact, it is not Difficult, if you know how to listen with your heart, think with your brain, and spend a little time studying, you can understand it!

$IMX

The first currency to be introduced is $IMX. Immutable X is an Ethereum Layer 2 expansion solution. Remember I shared the Layer 2 track with you before? Yes, it is a currency in this hot field. $IMX has recently had a major update, that is, the zkEVM test network in cooperation with Polygon Labs has finally been launched. Currently, more than 20 game companies have cooperated with it to support this launch, so it must be a big success.

Ah, the heat here is not over yet. Over there, there are already large investors on the Upbit exchange in South Korea who are interested in $IMX. South Korea, known as the "biggest country for currency speculation", has once again waved its flag to enter this Layer 2 solution. The price of $IMX is traded in South Korea. Upbit soared from around $0.56 to nearly $1, with an increase of more than 75%. The whole process took less than 10 minutes, directly raising the popularity of $IMX to the highest level.

You may be thinking, isn’t that already finished? Of course it is, so what we must do now is to prepare as soon as possible to wait for the next wave of uptrend. Take a look at the price trend of $IMX. Pull a Fibonacci from the recent bottom of $0.479 to the recent high of $0.727. You can see this 0.786 retracement The withdrawal parameter level is a strong support level. Assume that we are at this level, that is, the price is about $0.532 and take advantage of the low to go long. Looking at the next resistance level of 0.618, there has been an increase of 8%.

Of course, we are strategic people, so we must set a stop loss, otherwise we will suffer heavy losses if we fall! We just set a stop loss of 5% of the principal, which is equal to $0.506, and the profit-loss ratio is 1.58, which is already a good value.

Don’t forget that we can use leverage to enlarge profits. I just mentioned that the potential return of this long method is 8%, right? If we open a small 10 times, it is actually a strategy that earns 80%. If you are more aggressive and can open 100 times, you will earn an 8 times increase in the short term. Of course, the risk will increase, so I suggest you place your stop loss closer to the long position. For example, if we say you go long at 0.532, then your stop loss will be placed at 0.53. The Binance exchange is deep enough and the support level is strong enough. In fact, it is not easy for the slippage to blow down your stop loss, so don’t worry too much.

$GALA

The third altcoin $GALA developed rapidly on GameFi in 2022, and as an aggregation platform for multiple blockchain games, $GALA also received a lot of attention at the time. what about now? Recently, not only music, games, and movies are being made, everyone needs to use $GALA to purchase this, especially for games and NFTs, so of course this will create demand.

Moreover, the $GALA token has been officially updated recently. Looking at the data on the chain, it can be seen that more than 20,000 users have been added in two months during the bear market. Overall, the number of users is also on the rise, which proves that everyone still thinks this project is Powerful.

The price has shown signs of falling recently, but the trading volume is still there. If there is a chance to be speculated again, we will first pull the Fibonacci from the low $0.0129 to the high $0.0163. I will enter the market with the 0.618 parameter, which is about $0.014. This time, because 0.618 is really a strong support level, I will be more aggressive and place the stop loss around $0.0137, which is about a 1% potential loss.

Then my target will be set at the short-term parameter level of 0.5, which is around $0.01467. This will be an increase of about 2.8%, so I will use a larger leverage, 100 times to triple the price faster. Of course, the risk is not as big as I thought, because I had already placed my stop loss much closer, so I already knew before the transaction that the risk I could bear was actually not that big, and it was worth the risk.

Okay, now that I have taught you so much, we all should know that at least a few altcoins in your investment portfolio can explode several times, which adds up to more than ten times, so you don’t need to be so aggressive in pursuing each currency. He will explode ten times. You must not be too greedy in the currency circle, otherwise you will only be the one who suffers in the end.