The bull market is here! These 10 tips will help you avoid traps and take fewer detours!
Once the bull market starts, the market gets restless, and many people can't hold back. But don’t rush in just because of the rising trend; calm analysis is essential to avoid being taken advantage of. Remember these 10 tips to take fewer detours and seize opportunities!
1. Don’t chase highs; avoid greed
In the early stages of a bull market, rapid increases often hide risks. Don’t get carried away by market sentiment; waiting for a pullback before entering is wise.
2. Don’t panic when prices fall; buy on dips
Bull markets are volatile, and short-term declines are normal; don’t panic and sell at the first drop. This is a great opportunity to add to your position, and missing it would be a shame.
3. Only choose good projects
Don’t believe everything you hear; many projects rise in a bull market, but few survive. Understand the fundamentals and don’t be fooled into buying junk projects.
4. Short-term gains, long-term holds
There are indeed short-term opportunities in a bull market, but those who ultimately succeed are the ones who hold quality assets. Don’t always think about getting rich overnight; be steady.
5. Beware of surging altcoins
When altcoins surge, be cautious. In a heated market, major players often cash out; don’t be the one left holding the bag.
6. Don’t be fooled by good news
There are good news everywhere in a bull market, but don’t just look at the surface; often, this is just the project team creating hype to sell off. Respond cautiously.
7. The movements of big players are key
In a bull market, follow the flow of funds from big players; don’t casually follow retail investors chasing highs and lows; it provides a stronger directional sense.
8. Lock in profits
The money gained in a bull market is just numbers; only cashing out is true profit. Don’t always think about getting more; lock in profits at the right time.
9. Never neglect risk control
Even in the strongest market, there are risks; position control is essential. Don’t go all in, especially in a bull market, where risk control is even more important.
10. Stay rational; don’t go with the flow
In a bull market, everyone seems to be making money, but you must stay calm. Only through rational judgment can you go further and achieve more.
Remember these tips to avoid pitfalls and achieve steady profits!
