Altcoin Long-term Short Strategy:

First wait for a real drop: Don't try to guess the top or bottom; wait for the altcoin to clearly trend downwards before taking action. Once a downtrend is confirmed, there is usually little resistance, significantly increasing the probability of making a profit. A substantial decline is the best way to determine if the trend is genuinely downward.

Check if the rebound strength is weak enough: Ideally, the rebound should not exceed 50%, or it should quickly drop back down from the 50% to 61.8% range; if the angle of the rebound is less than 45 degrees, it indicates that the bulls lack strength, making it easier for further declines to follow.

Timely adjust stop-loss positions: Altcoins can rise and fall sharply, making it easy to earn money and then lose it back. Therefore, it’s necessary to adjust the stop-loss points according to the trend to protect the profits already made and avoid losing money if the market suddenly reverses.