In a bull market, when trading cryptocurrencies, you need to know these key points, don't blindly follow the trend!
Popular coins rise quickly but fall quickly too. Seeing others making profits can make you envious, and if you blindly follow, you might suffer significant losses.
The truly promising coins often start off unnoticed, with few people paying attention to them. But if you have a unique vision and discover them early, you could make a big profit.
Market capitalization and the number of exchanges are superficial indicators. You shouldn't just look at these to decide whether to invest; you need to delve deeper into understanding and analyze more, so you aren't deceived by surface numbers.
Market volatility is a norm; you need to have patience and not panic at every price fluctuation.
Don’t let market emotions drive your actions. If prices rise, don’t get overly excited to chase after them; if they fall, don’t get scared and run away. This way, you might easily miss out on profit opportunities or get trapped.
The methods for pumping altcoins are generally similar. You need to understand their characteristics and not be misled by their flowery language.
New coins being listed are unstable and carry high risks; you need to treat them cautiously and not rush in blindly.
If you’ve made money and the coin price starts to drop, it could be market correction or reversal. You need to keep a close eye on the market and respond timely.
During a rebound, choose those coins that have risen a lot before and are still popular; after their correction, they might have another chance to rise.
Sometimes, going against the majority can actually lead to profits. You need to have your own judgment and not always follow others.
Coins that follow Bitcoin's rise and fall, if they also have significant volatility, indicate high market recognition and good liquidity, making them worth investing in.
Some coins might be unnoticed in the first half of a bull market but could explode in the second half. You need to have patience and be able to wait.
Coins that are consolidating sideways are like springs ready to unleash huge energy. You need to recognize them and not miss out.
In a bull market, when trading cryptocurrencies, you need to be cautious and rational, not be misled by short-term market fluctuations.
Combine your risk tolerance to formulate a suitable investment strategy while also paying attention to external factors like policies and technology.
In the upcoming layout direction, I will lead everyone to target the lucrative opportunities in altcoins, with an expected return space of over 10 times, no problem at all. Like + comment, and I will guide you through the entire bull market!
