1. Diversification of the investment portfolio
Don't put all your money in one coin. Spread your investments across several cryptocurrencies, preferably stablecoins (like USDT or USDC) to reduce risk.
2. Risk management
Do not invest more than you can afford to lose.
Allocate a small percentage of your capital to higher risk currencies.
3. Use Stop Loss
Set stop loss levels at a certain price, so that the currency will be automatically sold if it falls to that price.
This helps you limit losses when sharp corrections occur.
4. Follow-up and analysis
Follow economic news and market events, as they have a significant impact on the movement of cryptocurrencies.
Use technical analysis to determine appropriate entry and exit points.
5. Keep part of the wallet in cash (Fiat or stablecoins)
Make sure you have cash to buy cryptocurrencies at low prices when corrections occur.
6. Long-term investment strategy
If you believe in the future of the currency, do not sell during corrections, but hold it and wait for the recovery.
Long-term investment is preferred in currencies with a strong project and reliable team.
7. Avoid emotional trading.
Don't make decisions based on fear or greed.
Stick to your investment plan regardless of momentary fluctuations.
8. Learn Hedging Strategies
Buy cryptocurrencies that move against the market as a way to protect your portfolio.
9. Benefit from Futures
If you understand futures trading, you can open short positions to profit from the decline, but beware of the high risks of this type of trading.
10. Continuous education
Continue learning the basics of investing, technical and fundamental analysis to be more aware in your decision making.
Would you like to delve deeper into any of these points?