‼️ WARNING ‼️ Speculative capital is flowing into Meme coins, reflecting extreme FOMO and Greed.
Please note that at this time, you should only sell the coins you are holding and should not buy more Altcoins.
My experience from Down and Up Trend seasons is now starting to be applied.
+ In an uptrend, buying anything wins, because a lot of money is entering the market at this time.
+ An uptrend will pull money up when the market has positive news from influential figures in cryptocurrency, such as Trump getting promoted, signing trade agreements, or European/American countries approving policies for cryptocurrencies.
+ Note not to hold spot coins during an uptrend, because it’s time to offload and sell the coins accumulated during the low season, so when a coin exceeds the average price by 20-30%, it’s better to take profits; holding cash is better than holding depreciating coins.
+ During an uptrend, smaller altcoins or meme coins are often pumped strongly by price manipulation groups. => Only sell the altcoins and memecoins that were bought during the downtrend and do not buy Altcoins during the Uptrend. Be careful with coins that rise abnormally without news or clear reasons.
+ Pay attention to Bitcoin's dominance ratio (BTC Dominance): If BTC Dominance decreases, altcoins usually increase significantly, and vice versa.
