Recently, some mainstream alts have performed impressively. Take the FOLKS project as an example; the technical support in the early stages has indeed met expectations. When the first target was near $6, many bullish traders had already entered. Here’s a suggestion—since the initial target has been achieved, taking profit in batches is a wise choice; locking in profits from a portion of the gains is certainly not wrong. However, looking at the entire cycle, these types of alts still have the momentum to rise, so maintaining your base position and continuing to participate could present more opportunities. According to the current technical patterns, if the rising channel continues, the $8 range is not entirely impossible. However, the market itself is highly volatile, so it’s essential to implement Risk Management and avoid going all in on one direction. Small coins like BEAT and RAVE are indeed worth keeping an eye on, but the premise is that you need to understand what you are doing and not be swayed by market sentiment. Overall, the rotation of alts will continue; the key is to grasp the rhythm and manage risk.
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ShitcoinConnoisseur
· 23h ago
Is 6 bucks the time to run? I think not, gotta keep the base position
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Here we go again with the 8 bucks situation, those who dare to go all in are the brave ones
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FOLKS, this wave indeed has something, but do not let your emotions cloud your judgment
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To put it bluntly, you still need to have your own rhythm, don’t follow the crowd and play yourself to death
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Taking profits in batches is not a bad idea, but the greedy will never earn the last buck
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Small coins experience big pumps and big dumps, playing this really requires putting risk first
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8 dollars? Let’s see if we can stabilize the channel first
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For BEAT, RAVE and similar ones, it’s better to fully understand before you act
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Altcoin rotation is a gamble, the key is not to bet alone
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Technical patterns look good, but don’t make foolish moves while eating noodles
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ProofOfNothing
· 23h ago
Taking profit in batches is indeed the way to go, but there are not many who dare to do it.
Recently, some mainstream alts have performed impressively. Take the FOLKS project as an example; the technical support in the early stages has indeed met expectations. When the first target was near $6, many bullish traders had already entered. Here’s a suggestion—since the initial target has been achieved, taking profit in batches is a wise choice; locking in profits from a portion of the gains is certainly not wrong. However, looking at the entire cycle, these types of alts still have the momentum to rise, so maintaining your base position and continuing to participate could present more opportunities. According to the current technical patterns, if the rising channel continues, the $8 range is not entirely impossible. However, the market itself is highly volatile, so it’s essential to implement Risk Management and avoid going all in on one direction. Small coins like BEAT and RAVE are indeed worth keeping an eye on, but the premise is that you need to understand what you are doing and not be swayed by market sentiment. Overall, the rotation of alts will continue; the key is to grasp the rhythm and manage risk.