Since June, when I heard the news about the possibility of interest rate cuts from the FED, I decided to pursue a bullish trend. I believe that after the FED announces the interest rate cuts and the elections go smoothly, the cryptocurrency market will become active again. During this time, I mainly limit short positions and focus on long ones, but overall, I am engaged less in futures and primarily in spot trading. In the short term, I will invest in other markets like forex... because the volatility will be less than futures. And I see that as long as there is stability in monetary policy, the crypto market will explode.
Currently, with the information about the new developments in the pandemic, I predict that more people will return to trading cryptocurrencies like during the 2020-2021 period. For example, my account has 100k; in the worst-case scenario, I could lose 50-70k. Conversely, in a good scenario, the account could multiply from 5 to 10 times, yielding profits from 400k to 900k—this was very common in 2021. Another possible scenario could be taking profits at 100k x2, but then the price skyrockets, making me regret not holding on.
People often say, "taking profits is never wrong," but if after taking profits, the price increases many times over, it will feel quite uncomfortable. However, I hope you all understand that I have bigger goals than just making money, and I am not overly concerned about financial issues.
If you have questions about technical analysis, entry points, stop loss, or take profit, I am ready to share. But if you wonder whether I should hold or take profits, remember that the outcomes will vary greatly depending on individual goals.
$MOVE #spot #Write2Earn! #trend #move