If you are holding spot assets right now, there are 3 points you must understand!

1. If you are stuck in a particular cryptocurrency, do not casually increase your position. You should observe its trend. If the trend is downward, you should exit first or at least reduce your position significantly. If you keep adding to your position as it falls, it will turn into a heavy loss, which is a major mistake in trading cryptocurrencies! You could end up losing a lot and it will become very difficult to recover your costs.

2. If there is a cryptocurrency in your watchlist that consistently performs strongly, falling less than others during downturns and rising more than others during upswings, congratulations, you’ve found a strong coin. What you need to do is embrace this bull coin. If you have funds, focus on buying this coin as much as possible. If you don't have funds, sell the weak coins and buy this bull coin instead. You will soon see your profits increasing.

3. If you notice that the cryptocurrency you bought keeps making lower lows, indicating a deteriorating pattern, and while Bitcoin rises your coin is either stagnant or falling, you should be highly alert. It is very likely that the market manipulators have run away. At this point, you should decisively switch to another coin and not hold on tightly just because of losses.

In spot trading, understanding these 3 points will not guarantee profits but will certainly help you minimize losses and maximize gains.

Currently, the market is not very volatile. Significant changes are expected next month after Trump takes office, when a series of favorable policies for the cryptocurrency market will be implemented, leading to a bull market in the crypto space.