⚡⚡3 Tips to Help You Prepare for the Next Crypto Bull Run⚡⚡

#BullRunAhead #BULLishWithBULL #bullrun2024📈📈 #bullush

How to build and investment plan, research winning tokens and achieve your financial goals.Cryptocurrency looks poised for another bull run.

But if you've been on the sidelines during crypto winter, then you might be feeling a bit out of shape.

While it's easy to get overwhelmed by FOMO and rush back into the market, it's important you hold back and put a plan in place first.

👉1. Create an investment plan.

🔷Cryptocurrency is known for its volatility and unpredictability.

🔷Avoid the temptation to jump in head-first at the sign of a rally with all of your funds.

🔷First, sit down and create an investment plan or thesis to help you decide where to allocate your funds.

🔷Think about how much you're willing to put into blue-chips like Bitcoin and Ethereum, and how much into altcoins.

🔷For altcoins, consider which industries you think have potential and consider dividing up your portfolio between them.

🔷For instance 20% to AI, 30% to Real World Assets, 10% to Layer-2s etc.

🔷Then consider dollar-cost averaging into your position in order to take advantage of any dips.

👉2. Set profit targets – and stick to them.

🔷One of the biggest mistakes in investing is not knowing when to take profits. This is especially true for cryptocurrency, where the market is driven by emotion, social media, overnight sensations and let's face it – greed.

🔷As prices surge, set realistic targets for taking profits and stick to them.

🔷A disciplined approach to profit-taking can protect you from sudden market downturns.

🔷For instance, sell 25% of an altcoin at price point 1, another 25% at price point 2, etc.

👉3. Risk management.

🔷Follow this up by calculating how much you can afford to lose on any given trade and then stick to it by using a stop-loss order to limit your losses when the market moves against you.