(Bonus #6 will surprise you...😯😱)
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Crypto Bull Run is an exciting opportunity for cryptocurrency investors to make profits. However, it’s crucial to approach this opportunity with caution and practice responsible investing. So let's go👇🏽
1. Invest in the Right Cryptocurrencies:
Investing in the right crypto asset is crucial to maximising your profits. Not all cryptocurrencies are created equal, and some will outperform the others during the bull run.
Just do your research!
2. Don't Buy Late in the Bull Run:
While the exact onset of a bull run may be tricky to gauge, a method to confirm its recent commencement is the third touch of a price action on a single line📈
With an expected continued upward trajectory, this tends to be a good time to buy or take a long position.
3. Keep Emotions in Check:
Emotional discipline is crucial in a bull run when prices are rising rapidly.
FOMO (Fear of Missing Out) can lead to impulsive decisions.
Stick to your predetermined strategy, and don't let short-term market fluctuations dictate your actions.
Warning⚠️🚫 - Avoid making decisions based on fear or greed.
4. Take Profits Gradually:
Aim to lock in your profits at regular intervals, and secure or even stack up on, trading profits and investment yields.
This approach allows you to secure gains while still benefiting from potential further price increases.
5. Risk Management:
You must have predefined exit points to limit potential losses during volatile market conditions. The essence of this, is to prevent you from making impulsive and potentially costly investment decisions.
Warning⚠️🚫 - Never invest more than you can afford to lose and stay off borrowed capital, ensuring a more measured investment journey.
6. Secure Your Investments:
Use strong, unique passwords and enable two-factor authentication on your exchange accounts.
Warning⚠️🚫 - Don't pride off your account balance with friends or strangers, it's not necessary💯
