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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Recently, the crypto assets market has shown a weak trend. Bitcoin is hovering around $2400, while Ethereum is stagnating around $106. As for Solana, I am considering reducing part of my position around $138.
Currently, most altcoins are performing poorly. Whether it's Magic or TON, it is advised to only use them as a reference for spot trading. Unless you are entering at extremely low prices, it might be worth considering temporarily stepping back and looking for suitable entry opportunities at the beginning of the month. The purpose of this is to help investors manage risks, as everyone's funds should be treated with caution.
The current market conditions are similar to the 'Monkey Market' from April to October last year, and it is expected that the third quarter will be a scaled-down version of last year's market. In such market conditions, it is advisable to conduct trend trading only once a month, while short-term trading should be limited to no more than three times a week.
In the long term, the market in the fourth quarter is more promising and may see a significant rise. However, risk control is always the primary consideration. Every investor should develop an investment strategy based on their own risk tolerance.
Overall, the encryption market is still full of opportunities, but it is also accompanied by high risks. Investors need to stay vigilant, conduct thorough research and risk assessments to ensure the safety of funds and investment returns.