#PEOPLEUSDT #peoplee #PEOPLE

Today we continue to analyze the most popular copycat in the market, PEOPLE

Faced with the sudden surge in copycat prices, what’s your first thought?

It is short selling, but for the altcoins, the risk of short selling is much greater than that of going long. The loss of short selling can be several times or even dozens of times, and even if the long position returns to zero, the loss will be doubled. Therefore, for altcoins, everyone should try their best to lose money. The short button is deactivated. If you are short, don’t go short. Unless it is a long bear, it is difficult to make substantial profits from short selling.

So how should we operate? There are two ideas.

The first idea is to chase the rise in the early stage of the rise, take a light position with a stop loss, and use a small stop loss to gain substantial profits. However, this idea requires a greater timing for entry, so it is more difficult.

The second idea is to look for spot layout opportunities after a big rise. Generally speaking, after a currency becomes popular, the main force will not kill the goose to lay eggs, but will continue to trade until the heat dissipates. Doing things, so while the popularity is still there, we can deploy spot goods at key locations

Judging from the distribution of chips in the picture, the main chips in this round of market are mainly concentrated at 0.025, and it is difficult to touch 0.025 in a short time. For spot prices, we can arrange it in batches between 0.35 and 0.3, and it is not difficult to obtain more than 20% of the profits.