How to deal with early bull market pullbacks in cryptocurrency spot trading?
In a bull market, our main focus is on shipment volume, but if there is a downward trend, we can also respond by the following methods.
In the first scenario, if there is a brief single digit pullback, it indicates that panic has not yet occurred. At this point, do not buy as there is still a possibility of further decline.
In the second scenario, if there is a sudden double-digit pullback, 20% of the funds in the cash account can be used for speculation, while the remaining 80% can be used to cope with extreme market conditions.
The last scenario is that if the daily decline is not significant, but the cumulative decline from the highest point to the lowest point reaches more than 20%, an appropriate amount of funds can also be used for purchasing, and funds can be allocated and used according to the second scenario mentioned above.
$XRP
$BNB Negative information cannot shake the upward momentum of the bull market!
