Recover Quickly from a Price Drop?
Avoid DCA
Instead of using dollar-cost averaging (DCA), consider investing in the same coin across different exchanges to boost your recovery and profits. Let's use WIF as an example:
1. Choose WIF.
2. Allocate your investment across three exchanges:
Invest 10% on Bitget at $3.20.
Invest 20% on Bybit at $2.90.
Invest 70% on Binance at $2.50.
By investing the largest amount at the lowest price, your portfolio benefits more when the price rises.
In this example, as WIF's price recovers, your overall gains will be higher and you'll recover faster than using DCA, where you buy regularly without considering price drops.
Important Tip: Using BSC-compatible exchanges ensures lower transaction fees, helping you save money while implementing this strategy.
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