I have been trading cryptocurrencies for almost a year now and during this time I have managed to understand several important points that will help you not to lose money and even make money.
Naturally, the two main principles of trading are two rules:
1. Buy low, sell high.
2. If the coin has fallen in price, buy more and average it out.
It is also very important to understand which coins are better to buy and which are not.
In order to choose a coin to buy, you need to analyze what kind of coin it is, what it was created for, what project and team is behind it, what function does this coin perform. Large projects with a good team that create coins with practical application have more investors, greater capitalization and more chances that their coin will give good growth in the future.
It is also important to study the chart of a particular coin over time. By looking at how the coin chart behaves over time, you can roughly guess where the chart will go depending on where the price is on the chart now. One of the best coins to buy, which shows cyclical and consistent growth and fall, is BNB. The coin regularly drops to $ 500 and rises in price to 600+ bucks. The price of BNB regularly repeats its chart over and over again. That is, if you see that BNB costs $ 500 and below, you can safely buy it, since it will 100% grow to $ 600-616, and then again fall to 500 or below.
Also coins that have social significance, such as Meme or Social, which are close to their maximum bottom, which means they will give x's sooner or later.
You can also earn money by participating in airdrops from various projects that launch their tokens and distribute them for activity in their projects.
Another important observation. When a new coin comes out, in the first couple of days after listing, the price falls by 30-40%, and sometimes by 2-3 times. Therefore, my recommendation is not to buy coins immediately after listing. The probability that they will grow in price is very small. It is better to wait a few days or even a week for the price to fall to its maximum bottom, and then buy at the very bottom to sell with maximum profit.
These are my personal observations that I have learned in the process of trading on the stock exchanges for almost a year.
#BNB #ЛюбимыйТокен #AirdropGuide #TradingTips #Memecoins🤑🤑