You Will Need These 3 Crypto Tips In The Bull Run
1. If you are looking for good coins to invest in, let half of your investment capital be targeted towards newer coins launched after the previous bull run.
These is because these new coins are most likely the ones that will be the highest performing coins when the bull run starts.
However, make sure to buy the ones that are already on a big exchange and has been performing good over the past year.
2. Corrections in a bull market should not make you exit a position just because the asset price is down, because in a bull run the price of that asset will still go back up and higher than it’s previous high.
That’s the reason why you should take the opportunity to buy a correction dip instead of panicking and selling your coins
3. Making money during a bull run is easy if you actually take out your profits. Use longer timeframes, or set a profit goal to avoid any losing your gains.
It’s understandable that a lot of investors are not sure the right moment to take profits, so here’s an idea: Sell a percentage of your coins gradually using the price target strategy.
So, instead of selling 100% of your coins to take profits. Let’s say for instance, you put in $1,000 and have made $500 profits.
if it reaches your first price target, You can do 50% of the investments and profits that’s (50% of $1,500) which is 750, this means you have taken $250 in profits plus your capital
Then, take out another 30% which is $450 if it reaches the second price target, then another 20% if it reaches the third price target.
This is a systematic easier way to take out profits
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