I. The rebound after the large-scale liquidation is here, what should we do?
Today is December 12, 2024. The market has experienced a rapid rebound after a large-scale liquidation.
Everyone should remember that if you didn't reduce your positions or leverage in time before, now is the time to reduce your positions, take some profits, and avoid serious losses when facing extreme market conditions.
Remember:
Don't panic and sell at a loss during a downturn. Most losses are due to excessive positions. If your position size is not large, a downturn is actually a good opportunity to add to your positions.
Control your greed during an uptrend. Only by staying calm can you have the capital to buy the dips when others are panicking.
II. Altcoins worth watching in the recent rebound
The outstanding performers in this rebound are: LINK, Aave and Sui.
This rally is mainly due to the Trump family's purchase of Aave and LINK, driving up the market. However, these coins have already seen a wave of gains, so it's not recommended to chase the highs now.
III. Focus on BNB and the BN ecosystem
Today, there is a coin worth focusing on: BNB and the BN ecosystem.
BAKE has pulled back a lot, which is a potential opportunity.
According to the pattern, BNB usually has new project launches every month (such as the launch on November 14). The previous USUAL project launch has already brought good profits.
If BNB launches a new project again, it is expected to bring a new round of uptrend. For short-term trading, the risk-reward ratio and win rate are quite favorable.
IV. Those who like high volatility can consider CAKE and BAKE
If you enjoy short-term trading, CAKE is a good choice, where even small capital can potentially achieve large gains.
If you want to double your spot holdings in the short term, BAKE is more suitable.
But remember:
In the market, you can't expect both the stability of Bitcoin and the large gains of Altcoins. Altcoins can rise quickly, but they can also fall back the gains of weeks or even months in a single day.
V. Risk lessons from market operations
I have learned lessons from this bull-bear cycle.
Altcoins can bring huge profits, but the risks are also extremely high.
For example, the operations of ARB and OP were successful, but I thought STRK would also perform well, but the result was not as expected.
The 20% drop in Ethereum on August 5 made me realize that even with an optimized strategy, I may have overestimated my ability to control risks.
VI. The law of survival in the market
Remember this sentence: "Surviving longer is more important than making more money in the short term."
Conservative operations don't mean you can't make money, but they require more time.
Aggressive operations may make a lot of money in the short term, but once liquidated, all previous profits will be wiped out.
In summary:
Reasonably control your positions to avoid the impact of extreme market conditions. Steady operations are the key to long-term survival in the market.
Finally, there are still many things that haven't been written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in a single article.
If you want to learn more about the secrets of wealth, or if you have any doubts, follow the public account: Caijing Dongchen
