Do You Hold Altcoins In A Downtrend Market?

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    rezoanulvibes

    Published on Aug 08, 2022
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    It is easy to make a profit in a bull market. Altcoins can give 10x, or 12x returns. Since the market is on an uptrend, people can buy altcoins and sell them later to make a profit.

    analysis-4937349_1920.jpg

    When the market starts going down, altcoins price drops a lot. If you fail to exit from the market, you may lose a lot of money along with your initial capital. No one wants to lose money, right? You may think the price will go up from the support level. But every support breaks in a downtrend market. Put a stop loss when you do trading. It will save your capital. If you have a high conviction on some altcoins and think long-term, you may hold them. Otherwise, it is better to exit the market when the market color turns red.

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