Bull??
One of my followers asked, “When do you think the bull season will start?”
We have experienced the most difficult period of the last 12 years in 2024. BTC devastated all altcoins, but the truth is that most of them, except for the coins that have been supplied in 2024, continue their long-term upward trend.
Let me give a simple example;
FET first started its rise from 0.16. Then it rose to 3.50. It dropped to 0.70 and is currently at 1.60. We experienced the biggest trouble at 3.50-0.70 for the last year, but the start of the rise was 0.16.
In fact, the reason I started producing content was to warn people when that big decline started.
In other words, the bull trend that started at 0.16 for FET is actually still technically continuing. We experienced a very heavy correction from 3.50 to 0.70. We can evaluate the correction as being over as of November 5th. Unless otherwise.
You should always make your calculations according to 0.16.
In other words, if you say “I bought it now, the bull is starting, it will go 50X in a few months”, you will make a very, very big mistake.
It doesn’t matter whether it is FET or Gala, you HAVE to take profit at important resistances when the time comes in every coin you join later!!!
“I bought it, I put it aside”. There is no such thing.
If you cannot turn back time and buy FET from 0.16, then you should take profit and continue.
I have said it many times and I am saying it again, this is not an investment place, it is a trading place.
You are either in this trade or you are not.