In the past few days, many altcoins have seen amazing increases, with several doubling in a day. Has the altcoin season really arrived?
My conclusion is none.
The image is the teacher's opinion on lunch, which everyone can refer to. I think it is very reasonable and aligns with the current market situation.
Next, reflecting on myself:
A few days ago, when I was bottom fishing $币安人生 I mentioned a lot here. The position I bought at a low cost in the early morning of the 5th, nearly doubled from 0.14-0.22 without taking profit. Later, it pulled back below 0.15 twice; the first time I didn't exit, and the second time my breakeven stop loss of 0.145 was triggered, then it skyrocketed to 0.2... Currently, the price is around 0.18. It's really true that at the end of the game, there's nothing left!!
So I plan to change my strategy. Right now, I still have a 0.15 initial position. If it comes down to this area again, I will continue to buy. If it breaks through directly, I'll wait until it stabilizes to go all in. Additionally, I will use a sub-account for swing trading, taking profits as necessary to avoid losses on the coins.
After breaking through, if it doesn't drop below the red line in the chart, I will go all in on a position
Looking at the 4-hour chart, it is still being suppressed, but it is moving strongly. Even without the expectation of going into spot trading, it can still be worth trying to buy in.
During lunch, the teacher also said not to recommend others to play with altcoins or contracts. For me, there is no choice; my philosophy is to take small risks for big rewards, which is the essence of futures trading.
For friends with larger funds or those just entering the market, you should think carefully about this issue. There are many ways to invest, and Binance's grid strategy and bots are very useful.
Profits and losses originate from the same source, art is boundless
Taking small risks for big rewards means you won't end up with nothing
