AVOIDING THE BULL RUN TRAP IN CRYPTO:
A bull run can be exciting, but it can also lead to impulsive decisions. Here are some tips to avoid the bull run trap:
1. DON'T CHASE HIGH PRICES: Avoid buying at the peak of a rally.
2. SET REALISTIC EXPECTATIONS: Understand that prices can't keep rising forever.
3. FOCUS ON FUNDAMENTALS: Look at the project's value, not just the price.
4. DON'T OVER-INVEST: Diversify your portfolio to minimize risk.
5. WATCH FOR SIGNS OF OVERBOUGHT CONDITIONS: Be cautious of extreme price increases.
6. SET STOP-LOSS ORDERS: Limit potential losses if the trend reverses.
7. STAY INFORMED, NOT EMOTIONAL: Make decisions based on facts, not feelings.
8. AVOID FOMO: Don't invest just because others are doing it.
9. TAKE PROFITS: Consider selling some holdings to lock in gains.
10. STAY DISCIPLINED: Stick to your investment strategy.
REMEMBER, A BULL RUN CAN BE FOLLOWED BY A BEAR MARKET. STAY CAUTIOUS, STAY INFORMED, AND MAKE SMART DECISIONS.