Popular Trader Crypto Banter Reveals ‘Dip List’
The list includes heavy-hitters Solana and Chainlink, alongside lesser-known coins such as Pyth Network (PYTH) and Rollbit.
However, CEO of GMI warns against timing the market in the short-term, instead suggesting traders view assets through a five-ten year lens.
Popular crypto trader and influencer Ran Neuner has taken to X (formerly Twitter) to unveil some of his best-value altcoins for the next bull cycle. Neuner, who runs the well-known YouTube channel Crypto Banter, listed more than ten cryptocurrencies he currently has on his watchlist while he waits for a ‘dip’ in their price.
Lack of ‘Buy List’ Hurting Traders
Neuner recommends that crypto traders put together a ‘buy list’ as part of their trading strategy. Then, when those assets fall into a ‘buy range’ during a consolidation or downtrend, investors can pounce as part of their investment plan.
Do you have a “buy” list for when the inevitable dip arrives? If you don’t, you are trading without a plan and that’s the best way to make but not keep any money!
Here are some tokens on my list…$BEAM$IMX$ASTRO$STRD$TIA$RUNE$RLB$SOL$PYTH$LINK$FLIP$KASPA$SEI…
— Ran Neuner (@cryptomanran) December 28, 2023
The coins on his personal watchlist include some of the recent gainers that most crypto investors are probably aware about, such as Solana (SOL) and Chainlink (LINK). Each of these projects has enjoyed a fantastic end to 2023 and is looking optimistic as the new year looms.
Neuner also leaned on newer projects like Celestia (TIA) and ImmutableX (IMX), which have demonstrated terrific growth in the latter part of the year as the market has rebounded. These cryptocurrencies sit in a unique sector poised for a strong 2024, with modular blockchains and GameFi hot topics among the community.
Loosely, Neuner’s comments revolve around timing the market, which can be difficult for beginner traders. Additionally, part of a successful strategy involves picking a suitable buy-in price, as it is similarly tough for even experienced traders to identify the bottom (or top) of a trend.
Raoul Pal Warns Against Short-Term Decisions
In a recent tweet, Raoul Pal, Founder and CEO of GlobalMacroInvestor, somewhat disagrees with Neuner’s ‘time the market’ philosophy. Beginner traders in particular can fall victim to daily charts and short-term trends waiting to find the most opportune moment to buy. Rather, Pal recommends using longer-term, ‘true’ charts to identify which assets will be good investments in multiple years’ time, rather than what will go up and down in a given week.
Vs what you should be staring at to make decisions…
Longer time horizons are the true edge, not your hourly charts. #DFTU pic.twitter.com/JlGDeTX13M
— Raoul Pal (@RaoulGMI) December 27, 2023
That said, Neuner’s overarching point can still be applied to all investment strategies – if a cryptocurrency has strong fundamentals, bearish conditions actually present excellent buy opportunities and shouldn’t scare off traders.
The post Popular Trader Crypto Banter Reveals ‘Dip List’ appeared first on Crypto News Australia.
Filed under: Bitcoin - @ December 29, 2023 4:25 am