$JUV
I have invested all my money into a few fan tokens, which might be the only ones I can hold onto for now. I am completely disappointed with all these other garbage altcoins. After testing for several months, there have only been a few spikes in my positions, and regardless of the trends, even with good entry points, they keep falling. The reason is that the overall trend of Bitcoin is down, and for the past few days, large holders have been offloading. I suggest you sell in batches during any rebounds; do not hold onto any fantasies. I have already shown you the results; opening positions is undoubtedly more about small gains and large losses, which is not suitable for holding long.
Why invest in fan tokens? Most fan tokens currently have low market value and are at the bottom. At the same time, fan tokens are led by Binance, and the major players behind them should involve Binance, so the probability of being delisted is not high. Unlike other small altcoins that haven't contributed to Binance, they are likely to be delisted.
If you are facing serious losses, do not think about holding on until you break even. Because apart from breaking even, another outcome is forced delisting.
What awaits you is definitely the daily funding rates and exacerbating losses. Once an announcement about delisting comes, the drops will be even harsher. Therefore, you should have the worst-case scenario in mind.
In fact, losses are not scary; if you're wrong, you're wrong. Just cut your losses to minimize damage. Being overly frugal will only lead to more severe losses.
My expected value for fan tokens is conservatively 3-5 times before selling, and then continue to short the garbage altcoins. Let's focus on steady development first.
Greed is meaningless; prepare for the second half of next year.
