What should we do about the upcoming surge?

In the previous wave (late 2023 - Q1/2024), everyone's accounts grew very strongly, many people even returned to shore and made a profit after 3 years of peaking.

However, because of too much fomo, bloodlust carried away by the market... plus subjectivity, not thinking the market could collapse so deeply and the consequence was that the account was divided into 3, 4.

But for holders, things are not as bad as we think because it is certainly not the last wave of increase and the market has certainly not entered a downtrend.

So in the next bull run, what should we do?

Of course take profit and completely out of the market!

As I said in many previous posts, profit taking will be based on 1 of 2 factors: target price and market timing.

1⃣ Target

Before buying and holding a coin, you must determine the target profit. Of course, that target must be reasonable based on the nature, potential, appeal... of the project.

Dreaming about a price that is too high will create great psychological pressure and stimulate greed, making you try harder and harder... and then never know what it means to take profit.

When the market suddenly collapses, you will not be able to react in time, and the consequence is that you will continue to chase the top!

2⃣ Market timing

According to my experience of many peaks, the growth momentum of an altcoin usually lasts for 6 months at most, then it will decrease, even decrease very sharply.

Therefore, when the coin ae hold has increased continuously for 4 to 5 months, you should consider taking profit.

Currently, many people view the upcoming increase wave as divided into 2 segments:

- Q4/2024 to Q1/2025

- Q4/2025

I do not agree and do not refute the above view, simply because I only rely on 1 of the 2 above factors to close the profit.

Whether to close all or gradually depends on whether the coin you are holding is trending and meta or not. Then be flexible and don't forget the lesson of the previous wave.

Hope you guys don't chase the top and change positions in this cycle👍

#Bitcoin#crypto#dungdudinh