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Here is a strategy and some ideas and tips for managing periods of rapid rise.
First, you must know that this period will be the last before the reversal, and will be between one and three months, which will bring the best of the entire market. Meaning, I have been waiting two years for this month to three months.
📌 Set specific profit goals for each currency on more than one exit zone on resistances and set them using technical and fundamental analysis, and your analysis must be logical. And be committed to goals.
📌 Division of exit from investments
Don't sell all your coins at once from one price
Sell parts when you achieve each of your pre-set goals.
📌Using technical analysis
Take advantage of technical analysis tools such as supports, resistances, and reversal models, or any school you master, while integrating more than one indicator, the most famous of which are the relative strength indicators (RSI) and the MACD, to determine the trend, weak points, and the appropriate exit.
📌Continuously follow market news and developments
📌Avoid making decisions to enter or exit the market based on emotions or a feeling of fear of missing out (FOMO). Stay calm and follow your pre-planned goals and strategy
📌Do not switch between currencies and do not chase green candles.
📌 Do not re-enter after leaving the market, no matter the temptations, and stick to the plan and goals.
