Altcoins:

Current Market Characteristics: Lagging rebound, early decline. Altcoins often experience a rebound at the end of a bull market, but once the market weakens, their decline is much faster than BTC/ETH.

When a pullback signal appears, it is crucial to exit decisively to avoid being trapped due to hesitation.

Being trapped ≠ waiting to get out

Many who were trapped at high positions by the end of 2023 fantasize about prices returning to previous highs, but the reality is: only strong leading coins may rebound, while most altcoins will experience a prolonged downturn or even go to zero once the trend turns bearish.

Hanging on = passively waiting to die; the market will not change direction because of personal holdings.

The rise pattern of altcoins: In a market cycle, the maximum rise of strong altcoins is usually between 50%-100%, and very few can sustain multiple times increases.

Not escaping the peak = profit giving back or even losses; it is essential to learn to take profits or stop losses when the trend weakens.

If you hold altcoins and have already seen stagnation or broken price declines, immediately reduce your position or liquidate to avoid further losses. Do not fantasize about “selling when it rises a bit more”; the market will not provide you with a perfect exit point.

Patiently wait for lower price levels; the decline of altcoins is often more severe than BTC/ETH, and there will be better bottom-fishing opportunities later.

Blindly bottom-fishing “cheap coins” – many altcoins will never return to previous highs after a decline.

Holding a full position without setting stop-loss – this is the biggest reason for retail losses.

Altcoins are high-risk assets; trading needs to be more cautious than BTC/ETH!

When the trend weakens, staying out and observing is the best strategy; preserving capital allows you to seize the next opportunity.

Learn to take stop losses and profits to avoid turning gains into losses; the market is always full of opportunities, what it lacks is patience and discipline.

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