The emphasis is on avoiding coins that have already experienced major surges. Instead, the focus is on undervalued coins with substantial long-term prospects. Notable mentions include Avalanche, Fetch.ai, and Akash Network, all of which have experienced significant drops, now presenting attractive buying The cautionary advice is against pursuing quick wealth by investing in overhyped coins like Brett and Jasmy, currently in a high-risk, high-reward phase. The recommendation is to seek out coins that have fallen out of favor and are experiencing a downturn, as these often offer better investment prospects.
The discussion includes potential buy zones, identifying patterns, and anticipating pullbacks. For instance, Beam saw a substantial 58% decline from its peak around March 11th, aligning with Bitcoin’s initial surge of the year, making it a potentially enticing entry point for future bullish trends.
The analyst also addresses market volatility, citing Pyth Network as an example. It experienced a surge of 19x in value followed by a steep 71% decline. Despite the initial hype, interest dwindled as the price plummeted.
To pinpoint potential buy zones for such coins, the advice is to look for major price pullbacks after significant upward movements. These areas often signify robust support levels where buying interest may resurface. For instance, Pyth fell into one of these buy zones post its significant drop.
The recurrent warning is against chasing after the latest hyped coins, which come with elevated risks and inflated prices. Instead, the focus should be on projects that have been overlooked or fallen out of favor despite their inherent potential, particularly those in the AI and gaming sectors.