May 3, 2024

Expected correction across the entire cryptocurrency market

Good morning.

I didn't wake up my readers at midnight with my message on the channel@Zen_Investbut that's when I decidedopen short sales on a number of cryptocurrencies,considering it overheated, and an hour later there was a strong drop across the entire market spectrum. This is a Bitcoin chart, other altcoins fell even more. At the same time, I recommended everyone to buy a cue ball at $9,200-10,000 with a goal of $14,000 and I’m glad that there were those who invested in crypto on time. And at a price of $18,000-19,000, I again recommended dumping crypto assets, since there is a high probability of a strong correction and a return to $14,000.

Expected correction across the entire cryptocurrency market

I must say right away that I chose not to short Bitcoinor altcoins from the TOP 20 of Coinmarketcap, and chose the second-rate coins, which showed the largest growth on the last day. These are XLMUSDT, OMGUSDT, ZILUSDT and added ETCUSDT to them. The profit was partially fixed in the morning and it exceeded 100%, as it used a small leverage.

If this topic is interesting, I recommend opening an account on the Binance exchange, which I consider to be one of the best for buying cryptocurrencies and crypto trading.

Is it worth buying the fallen cryptocurrency now? I wouldn't - the correction could be much stronger. I closed some of my short positions, and I continue to hold some.

Thank you for the attention.