Thanks - So with the coin Marketcaps it's important to view them in terms of percentages of the total Marketcap.... for example if you have just taken a position on BTC and the coin MC is 40bil with a total MC of 100bil (so BTC has a 40% hold on the market ).. and your coin drops in value. If the total MC drops to 97bil but your coin is still retaining 40% hold over the market .. it is still in a very strong position .. but on the flip side if that 3bil didn't leave the total MC but instead moved to another competitive coin such as ETH . That would be a red flag to exit your trade. Hope that helps, it's difficult enough to explain.
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Sure thanks :)