Hey, Guys! Have you ever heard the term "buy the dip"? Yep, that's the moment we're waiting for when the market is unfriendly. So, when the price of Crypto is plummeting like this, this is actually a golden opportunity for those of us who have a long-term vision to take the opportunity to find profit!!!
Why Crypto Prices Fall?
Before we discuss which Crypto is good to buy, let's first find out why crypto prices can drop drastically. There are several factors that usually cause it:
Macroeconomics: Changes in monetary policy, inflation, or even war can destabilize financial markets.
Market Sentiment: Negative news about certain crypto projects like #mtgox or FTX can cause investors to panic and sell their assets.
And so on
Why Should We Buy When Prices Drop?
You may be wondering, "Why buy when the price is down?" There are several reasons why many experienced investors do this:
Cheap Price: When the price goes down, we can buy more coins with the same money.
Big Profit Potential: If the crypto project we choose has strong fundamentals, the price will definitely rise again in the future.
Averaging Down: By continually buying when prices fall, we can lower our average purchase price.
5 Crypto Top Potensi Flash Pump
ZEC
#ZEC or ZCash is a crypto known for its primary focus on privacy and anonymity in transactions. While Bitcoin allows people to see the sender and receiver in a transaction, Zcash offers an additional layer of privacy. This makes Zcash attractive to those who want more confidential financial transactions.
This gives zcash a special appeal because the current geopolitical situation is not good.
let's look at the chart of ZEC
We can see now ZEC is in a bullish phase, since it has broken out of the trendline, and validated by CHoCH. ZEC's Buyy, Invalidation, and take profit areas are shown in the image.
ONE
#harmony is a blockchain platform designed to solve the scalability and transaction speed issues often faced by first-generation blockchain networks. Using innovative sharding technology, Harmony is able to process thousands of transactions per second (TPS) at a low cost.
Let's take a look at the chart of Harmony
We can see in the chart, which shows that ONE has broken out of resistance, and is in a bullish phase. The target is at the Last High, and confirmation of invalidation if CHoCH is on the medium tf
Alien Worlds is a blockchain-based game that allows players to explore alien planets, mine resources, and collect unique NFTs (Non-Fungible Tokens). TLM Coin is the main currency in the game that is used for various activities such as: Mining, Buying NFTs, and Participating in governance
Let's take a look at the chart of TLM
We can see on the chart, that TLM is already in bullish momentum, but actually it is quite high risk. TLM's buy zone for safe entry is listed on the chart, and invalidation if TLM pushes lower. for this TP point it is very good to use because it uses a combination of several technical analysis methods.
Pepe is a crypto inspired by the "Pepe the Frog" meme. This meme first appeared in Matt Furie's "Boys Club" comic in 2005. Over time, Pepe the Frog has undergone various transformations and become one of the most iconic memes in cyberspace.
What's interesting about Pepe is that it is a deflationary coin, which is quite different from other memecoins like Dogecoin.
Let's take a look at Pepe's chart
From the chart we can see that Pepe once hit the big support area and rebounded. However, keep in mind that the price changes in this memecoin are very volatile, so to be safer, Pepe's entry spot is below (shown on the chart)
Dogwifhat is a crypto inspired by an internet meme featuring a Shiba Inu dog wearing a pink knitted hat. Like many other memecoins, Dogwifhat emerged as an internet phenomenon that quickly went viral and attracted a lot of attention, especially among the cryptocurrency community.
let's see the chart of WIF
We can see that the WIF chart forms a pattern, where the buy price can be set from the previous support or when it has broken out, then look for the latest demand. The current WIF condition has not broken out, and from this pattern it is quite suitable if combined with the previous support to be used as a reference for the buy point.
Tips Before Buying Crypto
Before you decide to buy crypto, there are a few things you should pay attention to:
Do In-depth Research: Don't just buy crypto because it's hyped. Study the crypto project you want to buy well, starting from the technology used, the development team, to the project roadmap.
Portfolio Diversification: Donโt put all your eggs in one basket. Spread your investments across multiple cryptos to minimize risk.
Long Term: Investing in crypto should be for the long term. Don't trade too often because it can make you lose money due to transaction fees.
Risk Management: Determine the amount of money you are willing to allocate to crypto investment. Don't let investment interfere with your daily living needs.
Disclaimer: This article is for informational purposes only and is not an investment recommendation. Any investment decisions are your own responsibility.