Altcoins have dropped by 50-70%, and the opportunity to buy at the bottom has arrived!
Gradually build positions, buying a little each time the price drops to lower costs and wait for a rebound.
Now is a good time for newcomers to enter the market, as long-term holding can lead to substantial profits!
Key Strategy Analysis
1. Stick to the Plan
• Take profits regularly to recover principal and profits, then invest in other tokens to diversify risk.
• Leave part of the position for long-term holding to reduce pressure and wait for larger gains.
2. Avoid Panic Selling
• Do not sell just because of declines; patiently wait for the market to recover.
• Buy more during dips to lower holding costs and turn losses into profits.
3. $BTC Liquidity Update
• Bitcoin has approximately $65.49 million in liquidity around 93578.52, and the price may test this level.
• Monitor market trends and plan entry or stop-loss points in advance.
4. Futures Trading Tips
• Use low leverage, don’t be greedy, prioritize risk control.
• Set stop-loss and take-profit levels to avoid emotional trading.
Practical Trading Techniques
• Position Building Techniques:
• Buy every 5-10% drop, build positions gradually, and avoid buying all at once.
• Establish a capital management plan, such as buying in 5 installments, with each purchase 10-20% of total capital.
• Take-Profit and Stop-Loss:
• Set a take-profit target of 20-30%, and sell part of it to lock in profits when reached.
• Set stop-loss at a 10-15% loss to avoid larger losses.
• Mindset Management:
• Avoid overtrading; market declines are normal, do not let fear drive your actions.
• Stick to the plan; do not change it due to short-term losses.
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