The characteristics of the cryptocurrency market are just like this, especially for low market cap altcoins. Once they start to rise, they often have strong momentum and rarely provide obvious pullback opportunities for buying the dip. If you think there is a good opportunity to buy the dip, it is very likely that the market has already peaked.
This passage mainly conveys two points:
1. Learn to chase the rise: If you want to keep up with the pace, you must decisively follow in an uptrend and dare to 'jump on the train' instead of waiting to buy the dip during a crash, as the vast majority of altcoins crashing often means the market has ended.
2. Stop trying to buy the dip for altcoins: 99% of altcoins’ crashes generally indicate that the market has basically ended, so stop being obsessed with buying the dip.
As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the cryptocurrency market but don't know where to start? Click on the avatar to see the introduction to Zhuye and witness the moment of miracles together.