Where to Catch the Bottom of Altcoins Now?


Bitcoin’s Correction and the Altcoin Scenario
Bitcoin (BTC) dropped again this morning to around $93,000, leading many to view it as a big dip. However, this level of correction is normal in a bull market. What concerns most traders now is the altcoin side. With Bitcoin still at a high level, altcoins appear fragile and lack strong buying support, leading to steeper declines.
In the worst-case scenario:
• BTC: Absolute support at $90,000.
• ETH: Critical support at $3,000.
Leverage remains risky, and with the market consolidation likely to continue until Trump’s inauguration on January 20, this pullback may serve as a healthy correction before the next leg up.
Altcoin Strategy: How to Navigate This Market
For those who want to position themselves, the strategy is simple:
• Buy more on big dips.
• Buy less on small dips.
• Avoid buying if prices stabilize without any drop.
This allows you to pick up low-priced chips in batches.
Key Market Observations:
1. Support Levels:
• Bitcoin and Ethereum enjoy strong bottom support due to spot ETF interest and backing from big capital.
• Most altcoins lack such support and depend heavily on market sentiment.
2. Execution Techniques for Altcoins:
• Top 50 Altcoins (Market Cap > $1 billion): Almost any coin here is a safe bet. The key question is how much profit you can make when the bull market resumes.
• Beyond Top 300 Altcoins (Market Cap > $100 million): These require skillful selection. Choosing the right one could result in massive profits, but the wrong one could leave you out of the rally.
3. Risk Management:
• Avoid contracts and leverage—spot trading is the safest way forward. Even in a raging bull market, leveraged positions are highly risky.
• Never chase highs or sell lows. Stick to your plan and take full responsibility for your actions.
Recent Altcoin Performances
Here are some of my recent trades that highlight the potential in altcoins:
• TRX: 2 positions opened, +210% the next day.
• BabyDoge: Entered at 0.025, +150% in 4 hours.
• X: 0.032 position surged 2000%.
• ACT: Opened at 0.016, +10x in 15 minutes.
• PNUT: 0.04 position, +1800%.
• BAN: 0.020 position, +1600%.
• FTT: 1.1 position, +260%.
• DEGEN: 0.026 position, +400%.
• MAGA: 0.042 position, +230%.
• NEIROCTO: 0.006 position, +300%.
• MFer: 0.010 position, +300%.
Final Advice
If you’re optimistic about the future, hold your positions and accumulate more. If not, it’s better to exit now. The only wrong move is chasing highs and panic-selling during dips. Control your position size and stay disciplined.
Follow me for more real-time updates and trading strategies to navigate this market!
#CryptoTradingTips AltcoinAnalysis #MarketCorrection BTC #ETH
CATCH2,34%
BTC0,36%
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JesterXvip
· 2024-12-23 06:29
To Da Moon 🌕
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