Your statements are very clear and provide appropriate guidance for investors. Following the strategies you mentioned for investing in a coin like -WIF-is a good approach:
Investment Timing:
- As you mentioned, when the market is down, buying WIF in the price range of $1.3-$1.5 would be the right time.
Planned Holding Period:
- Hold the coin for 2 to 3 months-and aim to sell it at a higher price.
- There’s a chance it could reach at least $2.7 or go up to $3.5-$4. Use this as the basis to set your exit plan.
.Example:
- If you buy 200 WIF tokens at $1.5 (300/1.5),
- Selling them at $3.00 would give you a total value of $600,
- Resulting in a -profit of $300.
Strategic Investment Environment:
Even though this is based on your -own research, investors should consider their -risk appetiteand market trends while making decisions. This adds an element of accountability to your research.
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Remember this is a strategy researched by Trade Eagle.