If you currently hold spot assets, there are 3 points you must understand!
1. If you are stuck in a particular coin, do not casually increase your position. You should observe its trend. If the trend is downward, you should exit first, or at least reduce your position significantly. If you keep increasing your position as it declines, you will end up heavily invested in a losing position, which is a major mistake in trading! You may end up losing a lot and find it very difficult to recover your costs.
2. If you have a coin in your watchlist that consistently performs strongly, dropping less than other coins when it falls and rising more than other coins when it goes up, congratulations, you have found a strong coin. What you need to do is embrace this bull coin. If you have funds, focus on buying this coin as much as possible. If you don't have funds, sell off your weak coins and buy into this bull coin. You will soon see your profits increasing.
3. If you find that the low points of the coin you bought keep getting lower, meaning the pattern is deteriorating, and while Bitcoin rises your coin is either stagnant or declining, you need to be highly alert; it is very likely that the market maker has run away. At this point, you should decisively switch coins and not cling to your losing position just because of the loss.
Understanding these 3 points in spot trading won't guarantee profits, but it will definitely help you minimize losses and maximize gains.
Currently, the market is not very volatile, and significant movements are expected next month when Trump takes office, implementing a series of favorable policies for the crypto market, which will inevitably lead to a bull market. The current consolidation is the best opportunity to enter; previous investments in XRP, SUI, EIGEN, LINK, and WIF have all doubled from the bottom, and many coins have already dropped to bargain prices. Seize the opportunity to invest. If you are unsure about which coins to buy, you can follow my lead and position yourself for the entire bull market.
Now BTC has surged back to 98,000, and most altcoins are preparing to rebound, making it a great opportunity to buy at the bottom! I have carefully selected a coin expected to rise 5-10 times. Leave a comment and like for a free share! $BTC $ETH $XRP #加密ETF申请热潮涌现 #GMT热度飙升 #币安Alpha公布第8批项目 #FlokiETP流动性提案通过