#BinanceABCs Many traders ask me where the bottom is for altcoins. To be honest, I can't provide a universal answer.
I mainly trade contract swing positions, but I do have a method for spot trading to share — look back at the price near the market black swan event on October 11, then add about 10% upward movement. These levels are worth paying attention to.
Here are some specific examples: ENA dropped to around 0.1313 that day, DOGE fell to about 0.095, ADA was around 0.27, and LINK was approximately 7.9. Within a 10% range above these prices, it's generally worth trying to catch a rebound.
Why do I think this way? It's simple — on that day, the market couldn't properly support prices, and all the dips were irrationally priced due to panic. These extreme points often reflect the coin's relatively true valuation. Keep an eye on key levels; the opportunity is there.
But there's a reality — whales may not let these coins return to those levels. So instead of stubbornly holding onto a single point, it's better to prepare plans around key levels.
As for coins that have already fallen below the October 11 levels? My advice is: don't buy the dip. That's not catching the bottom; that's jumping into a fire pit.
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VitaliksTwin
· 12-19 06:18
Well said, the October wave was indeed a mirror that exposed the true value of many coins.
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SillyWhale
· 12-18 19:17
The market maker isn't playing by the rules, your entry points are just a joke haha
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OnchainUndercover
· 12-17 02:22
The wave on October 11 was indeed significant, but how many actually dared to copy it?
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AirdropHunterWang
· 12-16 07:05
Haha, the wave on October 11 was really intense. I remember when DOGE dropped directly to 0.095, my hands were trembling. Now looking back at those extreme levels, it really feels like a gift of an opportunity.
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RektButSmiling
· 12-16 06:59
The October black swan was really a good opportunity to filter coins, but those who are still holding at that price now are probably deeply trapped.
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ContractFreelancer
· 12-16 06:58
The wave on October 11 was indeed fierce, but I really don't dare to touch the coins that are still dropping now.
#BinanceABCs Many traders ask me where the bottom is for altcoins. To be honest, I can't provide a universal answer.
I mainly trade contract swing positions, but I do have a method for spot trading to share — look back at the price near the market black swan event on October 11, then add about 10% upward movement. These levels are worth paying attention to.
Here are some specific examples: ENA dropped to around 0.1313 that day, DOGE fell to about 0.095, ADA was around 0.27, and LINK was approximately 7.9. Within a 10% range above these prices, it's generally worth trying to catch a rebound.
Why do I think this way? It's simple — on that day, the market couldn't properly support prices, and all the dips were irrationally priced due to panic. These extreme points often reflect the coin's relatively true valuation. Keep an eye on key levels; the opportunity is there.
But there's a reality — whales may not let these coins return to those levels. So instead of stubbornly holding onto a single point, it's better to prepare plans around key levels.
As for coins that have already fallen below the October 11 levels? My advice is: don't buy the dip. That's not catching the bottom; that's jumping into a fire pit.