At the beginning of the year, when PEOPLE experienced a surge in volume for the first time, we conducted an analysis and found that for this kind of MEME copycat, there was no fundamental support. The main force ignited the market, and then made the market while it was hot, and made profits through the contract market to complete the market making. Distribute chips again

Faced with this sudden surge in copycats, retail investors are basically short-term. At this time, there are fewer choices, either short selling or wait-and-see. It is difficult for anyone to wait with a short position, but for copycats, the risk of shorting is It is much greater than going long. Going short can result in losses several times or even dozens of times.

Even if the long position returns to zero, the loss will be doubled. Therefore, for altcoins, everyone should try to deduct the short selling button and be short-selling. Unless it is a long bear, it is difficult to make substantial profits from shorting.

For this kind of MEME copycat, our operating idea is the same as that of market makers. Either in the early stage of the rise, we should take a light position with a stop loss to chase the rise, and use a small stop loss to gain substantial profits, or we can wait for a retracement, then enter the market with spot money, and follow the main force. Walk

From the 2nd to the 29th, PEOPLE started to increase in volume after two months of silence. Looking back at the previous K-line, we can see that the main market making cycle lasted more than a week. We are paying attention to the range of 0.42-0.37, and the spot target is 30% for bargain hunting. #热门话题 #BTC #people $PEOPLE