As long as you can still see people shouting to buy the dip on some altcoin, it’s very likely that it’s not the bottom. Because when it really reaches the bottom, the project team will not promote it widely or let it spread to you when they are ready to take back their chips in the second phase. Similarly, in the next market phase, if you want to buy the dip, you shouldn’t be looking at the hot coins from a few days ago. Once these coins start distributing, they will distribute thoroughly. What you should do with these coins is to find those who shorted earlier and continue to look for opportunities to short when they create a rebound. If you want to go long, you should instead look for those obscure coins that weren’t popular at the opening, have tight control over their supply, haven’t distributed before, and show signs of having collected back some of the airdropped tokens. These coins are likely to take advantage of the recent shift in retail investor sentiment from bullish to bearish by rallying to trigger a short squeeze for distribution. Don’t stay stuck in the previous phase’s strategies; always think about the next step.

Look, XPL XAN FF pulled up a wave of short positions this morning, and then continued to pour in.