The Crypto market is Crashing, Here is my Strategy for the next leg up!

Welcome back,

The entire crypto market is crashing and there is a feeling of panic in everyone. Right now, the things that we must practice is what I am going to share in this blog. So stay with me till the end to understand what I plan for the upcoming week and how I am going to react to this crash.

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In one of the blogs that I shared a few days back, I clearly told everyone that a crash is expected for sure before the final leg up is given by the market to us. And what happened? We see Ethereum falling down to $4200–$4300 from $4700–$4800 top hit in the last few days.

I have already shared important levels for Ethereum to watch out for, and if you want to go through them you can click on the link below and see them. I explained in detail where we might reach as the max pain.

https://inleo.io/@theindiantrader/will-ethereum-break-its-final-resistance-fundamental-and-technical-analysis--8y9?referral=theindiantrader

You can also see in the chart that I shared, Ethereum is sitting on an orange line support on the 1day timeframe. But this support is weak, and if it breaks, we can easily go down and touch the next support around $4077.

Now, coming to my plan, I believe that the market is yet to give us a good move before we actually enter the bear cycle. So, there is no chance that I am going to believe we are entering the bear cycle right now. What I am doing is increasing my positions in my favorite tokens and holding my bags. I am not going to sell here because in my opinion this is not the right time. There will be better prices to exit whichever token you are holding.

So, a few tokens that I believe will perform nicely once this crash is over and we start to go back up again are as follows:

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1. Lido (LDO): The first pick I have is Lido, the ticker to which is LDO, and it is the liquid staking platform for Ethereum, and this is why I believe that it is going to perform fabulously. We already have seen how it performs when Ethereum reaches 4700 USD, so I believe Lido is going to perform well and it is already one of my top holdings. So my portfolio already have it there.

1. Ethereum Finance (ETHFI) : The second token I am counting on is a little risky one but it comes from the Ethereum ecosystem itself. It is Ethereum Finance and I believe it is going to perform really well based on the technicals. I am not sharing them right now but I have analyzed the token very well and I think that 2 to 3x is very much possible from here for Ethereum Finance as well. Right now it is trading at $1.08 and I think it is a good entry price in case you don't hold this token in your portfolio.

2. Aptos (APT): The last token I am counting on is Aptos. I don't have it in my portfolio yet and I'm going to grab this for sure. Right now it is trading at $4.41 at the time of writing this blog and last one year in the month of March 2024 when we saw the market going up we saw Aptos reaching $18 then in the month of December last year when the market went up again Aptos reached $14 and now we are trading at $4.41 so obviously when the next leg up comes I think it is going to cross $10 easily and I am counting for at least 150-200% gain on this token so this is the token I am keeping my eye on so that I can include it in my portfolio.

So that is how I am planning to react to the current crash in the market. But as always, this is not financial advice. At the end of the day, you have to do your own research and decide if you want to invest anywhere. I have just shared my personal opinion based on my technical analysis and market observations. I strongly believe these tokens can perform well, but I can also be wrong. Many factors can affect what happens with a token in the future. So please research properly before making any decision.

Thank you for reading and happy trading everyone.

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