With the market situation, I want to reflect a bit on buying altcoins🤝### Why a falling altcoin is not always a good buy?
You often hear: 'Altcoin is falling - it's time to buy!' But in reality, it's not that simple. The price drop could be caused by: ❌ When whales are dumping coins, it's worth thinking about. ❌ Lack of market interest - if trading volumes are falling, there may be a lack of demand. ❌ Problems with the fundamentals - a weak project or bad news can continue to push the price down. In such cases, the 'bottom' can turn out to be much deeper than it seems, and an attempt to catch a rebound turns into a game of chance. ### How to buy wisely? ✔️ Follow the system - you must have a strategy with clear entries. 'Cheap' is not an argument. ✔️ Wait for confirmation of the reversal – the chart should show that the trend is reversing and not just temporarily correcting. ✔️ Control risks – stop loss is mandatory. Clearly define the level of loss you are willing to accept. Do not chase cheapness - focus on quality analysis. A cheap coin is not always a profitable investment, as practice has shown 💰
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With the market situation, I want to reflect a bit on buying altcoins🤝### Why a falling altcoin is not always a good buy?
You often hear: 'Altcoin is falling - it's time to buy!' But in reality, it's not that simple. The price drop could be caused by:
❌ When whales are dumping coins, it's worth thinking about.
❌ Lack of market interest - if trading volumes are falling, there may be a lack of demand.
❌ Problems with the fundamentals - a weak project or bad news can continue to push the price down.
In such cases, the 'bottom' can turn out to be much deeper than it seems, and an attempt to catch a rebound turns into a game of chance.
### How to buy wisely?
✔️ Follow the system - you must have a strategy with clear entries. 'Cheap' is not an argument.
✔️ Wait for confirmation of the reversal – the chart should show that the trend is reversing and not just temporarily correcting.
✔️ Control risks – stop loss is mandatory. Clearly define the level of loss you are willing to accept.
Do not chase cheapness - focus on quality analysis. A cheap coin is not always a profitable investment, as practice has shown 💰