So in the current market situation, Bitcoin has been squeezed out for a while, and altcoins have also been rising for a while, what should we do?
During the correction period, add to your positions in coins that you are optimistic about but did not have the opportunity to get on board, coins that have not formed a major locked-in position in the short term, and coins that have not shown any signs of reaching their peak.
During the rising period, the long-term reduction of positions should at least be by one-third of the amount more than doubled, and then reduced slowly. You can place high-priced orders to reduce positions, and you can reduce positions in batches.
Don't think that every rise will definitely rise in a straight line. Don't think that every fall will definitely fall in a curve. Similarly, I don't think today's fall is a risk. Although it does not constitute a big opportunity, the round of rise is likely to continue. This is just like what I said when it fell to 89,000 last time, and just like before the election, I thought the big drop was not a crisis, but an opportunity. We should not be dominated by emotions and K-lines, but should ambush in batches, sell in batches, ambush in batches, and sell in batches.
Some people also asked whether there will be a big correction in the near future?
On December 18, the Federal Reserve cut interest rates and Japan raised interest rates! There may be a big spike around December 20. The market will not enter a silent period for so long as 10 days in advance. It is still early, and it is still in time to converge 72 hours in advance. By then, control the position and leverage in the short term, and make a defense in the appropriate position. What are you afraid of? Whether it is a major or minor adjustment, treat it with a normal mind.
Finally, I would like to leave you with a word of advice: if you have a light position, you can add positions when you have a bottom position, but it is easy to miss out when you clear your position. It may feel good for a while to clear your position, but you will cry sooner or later.
Seize these 4 altcoins with 100x potential that are about to skyrocket!
JASMY
JASMY was launched by Jasmy Corporation for the Ethereum-based Jasmy platform to address data security issues. It runs on the Ethereum blockchain in the form of ERC-20.
On December 3, the coin surged 27.49%, marking its biggest intraday gain in nearly 10 months. Despite a slight pullback the next day, the asset posted a more significant 45% gain on December 5, eventually hitting a two-year high of $0.0590.
JASMY has fallen to $0.048 so far. Its relative strength index (RSI) has also fallen to 68.
The asset must hold $0.3912 to hedge against a deeper decline. Below this level, the next support is located at the 20-day moving average at $0.03178.
QNT
QNT is the ERC-20 utility token of the Quant blockchain project, which aims to enhance interoperability between different networks through its Overledger network.
The coin is one of the best performers in the ongoing bull run. Quant has been trading in an ascending channel since early November and the bulls have used the lower trendline to defend the Dec. 1 drop below $96.
As the bullish momentum fades, QNT must sustain above the Fibonacci 0.618 retracement level of $126.3 to stay inside the channel and sustain the uptrend. If the uptrend momentum resumes, a breakout above $170.7 could trigger the start of a new breakout phase.
Overledger connects blockchains and traditional systems without changing infrastructure. It enables the creation of multi-chain applications (mDApps) that interact seamlessly across networks.
Targeting sectors such as finance, healthcare, and supply chain, Quant facilitates use cases such as cross-border payments, supply chain transparency, and digital identity management.
By partnering with companies like Oracle and Hyperledger, Quant stands out in combining blockchain with regulated industries.
MEW
Launched in March, MEW is a cat-themed meme token built on Solana that stood out in a market dominated by dog-themed tokens. It attracted attention by destroying 90% of its supply at launch.
In May, the project also partnered with LOCUS Animation Studio to produce a 3D animated series, further enriching the storyline and expanding the fan base. Within hours of its launch, MEW reportedly saw $150 million in transactions and attracted significant attention throughout the Solana ecosystem.
MEW opened last week up 4.62% as of December 1, but has since fallen. The token plunged 7.32% in two days, retesting lows of $0.0083 before settling at $0.009 following a modest recovery.
Its MACD is also showing a bearish trend and requires intervention to turn bullish. This week, MEW must recover above the pivot level of $0.010016 to turn its momentum to bullish. Above this, the first resistance will be located at $0.01204 and another at $0.01329.
LINK
Chainlink is another token to keep a close eye on. This decentralized oracle network continues to grow in adoption as it connects smart contracts with real-world data.
The token recently broke through the critical resistance level of $22.80, indicating strong bullish momentum. Chainlink’s total bonded value has climbed to $37.57 billion, making it the leading oracle solution. This growth was driven by an increase in whale activity and a surge in new wallet addresses, which is currently at a two-year high.
Analysts predict that LINK could reach $200 or higher in a continued bull run, representing a potential 700% gain. Technically, Chainlink remains above key support levels and its uptrend has room to grow. With its unique value proposition of connecting decentralized applications to external data sources, LINK is a strategic addition to any portfolio.
