Current characteristics of the altcoin market: delayed rise, early fall, alts often experience a rise in the late stages of a bull run, but once the market weakens, their fall rate is much faster than BTC/ETH.

When a pullback signal appears, be sure to exit decisively to avoid being deeply trapped due to hesitation.

Being trapped ≠ waiting to be freed

Many who were trapped at high positions by the end of 2023 fantasize about the coin price returning to previous highs, but the reality is: only strong leading coins may rebound, while most alts will face a long-term decline or even go to zero once the trend turns bearish.

Hanging on means passively waiting to die; the market will not change direction because of individual positions.

The rise pattern of alts: In a market cycle, the maximum rise of strong altcoins is usually between 50%-100%, and it is rare for them to sustain several times of increase.

Not escaping the top = profit giving back or even loss, you must learn to take profit/cut loss when the trend weakens.

If you hold alts and there has been a stagnation in rise or a breakdown in fall, immediately reduce your position or liquidate, to avoid further losses. Don't fantasize about "selling just a little higher"; the market won't give you a perfect exit point.

Be patient and wait for lower price levels. The fall of alts is often more severe than BTC/ETH, and there will be better buying opportunities later.

Blindly bottom-fishing for "cheap coins" - Many altcoins will never return to their previous highs after a fall.

Holding a full position without setting stop-loss is the biggest reason for retail investors' losses.

Alts are high-risk assets, and trading requires more caution than BTC/ETH!
When the trend weakens, it is best to stay on the sidelines and wait, keeping your bullets to seize the next opportunity.
Learn to stop losses and take profits to avoid turning gains into losses. The market never lacks opportunities; what it lacks is patience and discipline.