Hi, guys ✌
🔼The market is pleasing, and some are even catching the vibes of 2021
In the last few days, a lot has really pumped, and I'm not talking about MYX here, but about regular altcoins like WLD, M, Kaito, ATH, HYPE, PUMP, and a bunch of other mid and small caps.
👀And against this backdrop, you can see many people's eyes light up: the altcoin season hype has started, people's internal risk-on is kicking in — and off they go.
But what's the catch? Most of these pumps are out of thin air, without news backgrounds, events, etc., which is very alarming and creates the impression that the crowd is being herded into altcoins.
Plus, don't forget that the Fed rate decision is looming (which will be lowered with 99% certainty), after which, as practice shows, comes "sell on news" — funds, and after them, cryptos (add the factor of the second half of September here). Therefore, it could be very painful.
If you have tokens in your portfolio that have pumped — fantastic. It's better to cover some percentage of your positions and take stablecoins for the future.
Yes, local cases must definitely be worked out, but it's better not to dive heavily into altcoins yet. Don't let emotions deceive you 🧠
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