WOW!!, we experienced a slight 5% drop, and everyone is reacting with more emotion than my wife, who just had a baby two days ago.
In a bull market, not everyone will make it. These red periods are crucial in separating the winners from the losers.
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> Shakeouts are a natural part of the bull run
> Dips present opportunities
> Many tend to FOMO back in after a few green days
> Only to sell again at the next dip
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Here are a couple of tips that might be useful:
- Take a step back:
> Avoid focusing too much on short-term trends
> Look at longer time frames like 1-day or even 1-week charts
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- Consider market cycles:
> During a bull market, prices tend to rise significantly
> Don't assume that your trading skills alone can outperform the market
> In a bear market, you can experiment with intra-day trading again
> Don't risk spoiling the bull market by trying to be a quick scalper
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- Be cautious with leverage:
> It's better to avoid using it altogether
> Stick to spot trading and stay calm.
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Simplify:💥
Create a shortlist of tokens you believe will perform strongly
Ignore high-frequency trading support
Prepare for market volatility
Buy in during significant 5-40% dips, not smaller ones
Avoid purchasing during market upswings
Resist the urge to sell in hopes of rebuying at a lower price
Don't get caught up in every fleeting market trend or opportunity
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1. Keep calm and wait for the right moment to strike
2. Invest in promising tokens during market dips of 10-40%
3. Repeat step 1 for consistent success.
#BTC.😉. #dump #TrendingTopic: #HotTrends