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Cryptocurrency market trends for altcoins have indeed been unpredictable lately. This morning, some coins experienced a sudden vertical plunge, only to be hit again by high funding rates and clear signs of strong market manipulation.

The most dangerous strategy for these manipulated coins is to hold long positions for the long term. They simply can't withstand the tactics of the major players. Today's situation serves as a live lesson—after establishing long positions at 10:30 AM, the funding fees charged every hour approached nearly one-third of the position size. Coupled with the support from floating gains, it’s clear that the major players are forcing a squeeze. In this scenario, the short sellers have no power to fight back.

Of course, some traders want to try to profit from the last few seconds by catching the funding fee, which is not an impossible idea, but it’s crucial to control your position size—never be greedy. On the other hand, although I am currently operating with long positions, honestly: the more vigorous the upward move of a coin, the more severe the pullback often is. During such times, chasing long positions requires extra caution.

Don’t be fooled by the current upward trend. No matter how high these coins seem to fly, once the major players reverse their tactics, a waterfall decline can happen in the blink of an eye, and it’s hard to defend against.