There are several types of alts now,
The first type is like myx and m, which continuously push up and completely explode. One does not dare to chase the highs easily, fearing being deeply trapped.
The second type, like tst, bsw (delisted coins), and ai16z, experienced a spike and then quickly dropped back down. Those who chased the highs will suffer significantly, as they are very likely to incur a 30% drop.
The third type is the one that has been lying down and hasn't moved much.
For me, I like to ambush those that haven't launched yet.
If you have time to monitor the market and see these coins that have been at the bottom for a while, it's also good to jump in right when they start to take off. This way, the capital utilization is higher, efficiency is better, and the probability of making money is not small.
Or if you encounter a second type of coin that has surged and then pulled back, such a coin can also be bought back. In case the quick pullback is just a shakeout before the rise, you could make a big profit.
Currently chasing after those coins that have already risen a lot does not seem to be a wise choice, as more retail investors are starting to join in the chase.
It's not suitable to short recklessly, as most coins are still at the bottom when looking at the weekly chart.
If you agree with my viewpoint, it's best to choose some coins for yourself.
Because some altcoins have really small market caps, they can be easily influenced by certain tweets. What was supposed to rise doesn't rise anymore because more people are buying in. #DOGE ETF上市# #打榜优质内容#