With the U.S. presidential election about to be decided on Tuesday, entering a position into any of the altcoins would probably be very risky right now. Is it a case of ‘fortune favours the brave’, or wait until certainty becomes more apparent?
For those who like to venture much further out along the risk curve than the majority, entering a position into this or that altcoin now could be the way to go. If Trump wins the election on Tuesday, Bitcoin and crypto will go to the moon – or will they?
A Trump win?
Let’s say, for example, Trump does win the election, there is likely to be a lot of volatility. Of course, a lot of this might well be to the upside, at least initially. But this could also be seen as a ‘sell the news event’. Market makers could be licking their lips at the opportunity to slam the price down as gung ho traders open up longs (potentially many with high leverage) as they anticipate a surge to the upside.
Markets are much more complex beasts, and
We współpracy z: https://cryptodaily.co.uk/2024/11/altcoins-too-risky-right-now
