🖐️5 profitable crypto wallets - How to trade?
📝In a nutshell:
More often than not, wallets trade against the trend. They buy in a moment of fear when prices are down, and sell when euphoria brings new money into the market. They also use strategies of buying on corrections and forming an average price with multiple trades to reduce risk. The image below shows a typical trading chart of such a trader.
🧐Trading strategies of wallets:
1️⃣The best time to buy an asset is when it has been forgotten about, but it hasn't gotten worse, and you should sell it after 2-4 months of hype.
2️⃣Do not look for the bottom and top of the chart, but form an average price by selling and buying with multiple orders.
3️⃣Don't be afraid to enter the asset as the trend progresses. When the direction of the chart has already changed, it only confirms the continuation of the movement.
4️⃣If during the correction you believe that growth will continue, why not buy more? This strategy of buying on a pullback is called position averaging.
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The most successful wallet we have looked at today did not complicate trading with additional strategies. But he is the only one who used all the strategies together, because of which he did not miss profits. So for 15 trades he was able to earn $187,630.
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