3 altcoins at risk during Christmas week

How are you guys? I hope everyone is well. Even in the midst of busy life, when you take some time to read the market news, your head often spins. Especially in the crypto market, one day you laugh, the next day you worry. Reading the topic I am writing about today, I have also had a little food for thought. So I am sharing the words from my own understanding and observation. I hope you like it.

Recently, I read a news article, which said that some altcoins may face major risks during the Christmas week. Especially for those who trade with leverage, the time can be quite sensitive. Because the open interest in the market has suddenly increased a lot, and in this situation, a little bit of movement can lead to a big liquidation.

First, let's talk about Ethereum. Ethereum has always been known as a strong coin. But looking at the current data, it can be understood that the risk for traders taking long positions is relatively high. If the price suddenly drops, a large amount of long positions can be liquidated at once. In addition, I think that the pressure is increasing a little with some movements by big investors, money coming out of ETFs, and all this.

The coin that is being discussed a lot is Midnight or NIGHT. In a very short time, the trading volume and interest in this coin have skyrocketed. Almost everyone thinks that the price will increase further. But here is the problem. When everyone starts thinking in one direction, the risk increases. Many holders are now in profit; they can take profits at any time if they want. The possibility of a sudden drop in price cannot be ruled out.

Finally, let me talk a little about Audiera or BEAT. This coin has grown incredibly fast since its launch. With a profit of more than a thousand per cent, it is understandable just by hearing this, the risk here is not low. The price behaviour sometimes seems very unusual. Big falls in an hour, and big rises in minutes, these usually give warning signals. Many people think that there is a big wallet movement here.

Overall, my personal opinion is that it is wise to make decisions with a cool head and not with emotions at this time. The market always offers opportunities, but if you make the wrong decision at the wrong time, the loss can be very big. So trade wisely, measure your risks, and stay within your limits.

Posted Using INLEO