In this market wave, those who took profit on their short orders in time made a fortune, but traders who chased shorting weren't so lucky. Their orders were shattered, which is a true reflection of the altcoin market.
Thinking carefully, the regularity of alts is really heartbreaking. When they fall, there is basically no technical support level to speak of, and it seems perfectly normal wherever they drop to. Conversely, when they rise, those so-called resistance levels and technical points seem to become mere decorations, easily broken.
The characteristics of high volatility and low liquidity determine the thrill of altcoin trading. The bidirectional fluctuations in the market are fierce enough, but the stability is the worst. For traders, choosing the right direction and timing becomes even more critical.
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In this market wave, those who took profit on their short orders in time made a fortune, but traders who chased shorting weren't so lucky. Their orders were shattered, which is a true reflection of the altcoin market.
Thinking carefully, the regularity of alts is really heartbreaking. When they fall, there is basically no technical support level to speak of, and it seems perfectly normal wherever they drop to. Conversely, when they rise, those so-called resistance levels and technical points seem to become mere decorations, easily broken.
The characteristics of high volatility and low liquidity determine the thrill of altcoin trading. The bidirectional fluctuations in the market are fierce enough, but the stability is the worst. For traders, choosing the right direction and timing becomes even more critical.