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Thinking about bottoming out on altcoins but unsure which one to choose? Here's a thought to share with everyone.
If you're optimistic about the upcoming rebound in the altcoin sector but can't decide on specific targets, consider directly going long on the altcoin index contract $ALL. From the current trend, this index is basically rising steadily at a 45° angle.
What are the benefits of doing this? It saves effort and also diversifies risk. It's like betting on the entire altcoin sector in one go, so you don't have to worry about which coin to buy. For those who want to participate but are hesitant, this method can indeed reduce decision-making trouble.
When the subsequent rebound phase ends and you want to short, the same logic applies—operate directly on the index, without worrying about being precisely blown up by the volatility of a single coin. The index's fluctuations are relatively moderate, and the risk of being hit by sudden spikes is lower.