A coin recently exploded on the gainers list. When it was at 0.015, many people jumped in. My friend also went long and ended up eating at 0.02. But there are many tricks involved.
To be honest, altcoins and mainstream coins follow completely different logic. Mainstream coins focus on trading the K-line aggressively, but with altcoins, you need to change your approach. The fundamentals of this coin suggest that the overall trend is likely downward, with a target around 0.018. It might then consolidate sideways for a while, but there's basically no chance of a significant upward push. Why? Because the market liquidity is just not enough to support a sustained large increase in spot currencies. Insufficient liquidity is the ceiling.
Trading cryptocurrencies has become more like mysticism in recent years. Mainstream coins can still find opportunities through technical analysis, but the K-line charts of altcoins are mostly fake, with most signals being invalid. Sometimes, shorting can actually be profitable—that's the current situation.
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LiquidationAlert
· 19h ago
Want to exit at 0.02? Or do you have to wait until it drops below 0.018 to feel safe?
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ThesisInvestor
· 01-11 11:36
The term "liquidity ceiling" is brilliant; indeed, currently altcoins are essentially gambling.
View OriginalReply0
InfraVibes
· 01-10 20:54
0.02 is okay to run, I've seen it get ingrained... Liquidity is really incredible, altcoins are all about psychological warfare.
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DuckFluff
· 01-10 20:49
I agree with the concept of the liquidity ceiling, but making money by shorting altcoins... to put it simply, it's just gambling against the market maker crashing the price.
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SnapshotDayLaborer
· 01-10 20:49
Haha, this is the truth about altcoins—once you poke the liquidity ceiling, it breaks.
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Did you get out at 0.02? Your friend is still somewhat perceptive; securing profits early is the way to go.
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Shorting actually makes money; this move is indeed brilliant. Now, only contrarian thinking can keep you alive.
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Relying on candlestick signals? The charts of altcoins are just the doodles of whales—see who has a clear mind.
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Metaphysics is too apt, haha. But really, the iron law is that liquidity can't sustain a rise.
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PuzzledScholar
· 01-10 20:46
I feel like the term "liquidity ceiling" sounds a bit absolute; it mainly depends on how the whales play it.
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ChainWanderingPoet
· 01-10 20:45
It's the same old liquidity story, not wrong to say, but your friend getting out at 0.02 is still lucky.
Going long on altcoins is like gambling; technical analysis is completely ineffective here.
Sometimes, reverse trading yields huge profits; that's just crazy.
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ProbablyNothing
· 01-10 20:38
Liquidity shortage is the ceiling, that's a really sharp statement, it hits hard.
Altcoin K-lines are all fake; sometimes following the big players in the opposite direction actually makes money, that logic is absolute.
Eating at 0.02 was pretty good, but looking at the fundamentals, there's really no room for upward movement.
In this industry, it's now about who has the latest information; technical analysis is basically unreliable.
Can shorting actually make money? Then this market has indeed taken a strange turn.
The logic of altcoins is really completely different from mainstream coins, you need to change your mindset.
A coin recently exploded on the gainers list. When it was at 0.015, many people jumped in. My friend also went long and ended up eating at 0.02. But there are many tricks involved.
To be honest, altcoins and mainstream coins follow completely different logic. Mainstream coins focus on trading the K-line aggressively, but with altcoins, you need to change your approach. The fundamentals of this coin suggest that the overall trend is likely downward, with a target around 0.018. It might then consolidate sideways for a while, but there's basically no chance of a significant upward push. Why? Because the market liquidity is just not enough to support a sustained large increase in spot currencies. Insufficient liquidity is the ceiling.
Trading cryptocurrencies has become more like mysticism in recent years. Mainstream coins can still find opportunities through technical analysis, but the K-line charts of altcoins are mostly fake, with most signals being invalid. Sometimes, shorting can actually be profitable—that's the current situation.