If you currently hold spot assets, there are three points you must understand!
1. If you are stuck in a particular coin, do not casually add to your position. You should observe its trend. If the trend is downward, it's best to exit or at least reduce your position by a large margin. Continuously adding to a losing position will lead to heavy losses, which is a major mistake in trading cryptocurrencies! You may end up losing significantly, making it very difficult to recover your costs.
2. If there is a coin in your watchlist that consistently performs strongly, falling less than other coins during downturns and rising more than others during uptrends, congratulations, you have found a strong coin. What you should do is embrace this bull coin. If you have funds, focus on buying this coin as much as possible. If you do not have funds, sell your weak coins and buy this bull coin instead. You will soon see your profits increase.
3. If you notice that the coin you bought keeps making lower lows, meaning its pattern is deteriorating, and while Bitcoin rises, your coin is either stagnant or falling, you need to be highly alert. It is very likely that the market manipulators have fled. At this point, you should decisively change your coin and not hold onto it just because of the losses.
In spot trading, understanding the above three points won't guarantee profits, but it will definitely help you minimize losses and maximize gains.
Currently, the market is not very volatile; significant market movements should be expected next month after Trump takes office, when a series of favorable policies for the crypto market are expected to be implemented, which will surely trigger a bull market. The current consolidation is the best opportunity to enter. Previously, projects like XRP, SUI, EIGEN, LINK, and WIF have all doubled from their bottoms. Many coins have now dropped to bargain prices, so seize the opportunity to position yourself. If you're unsure which coins to invest in, you can follow my steps to position yourself for the entire bull market.