Being a spot daily trader, today was a tough day for me. The screenshot below shows my battle today with the extreme volatility of $NEIRO. It was a tough battle but I emerged a victor.

The reason to share this is to emphasise the following:

1. Never go all-in to a trade but break your portfolio into chunks and try to buy at the lows.

2. How do you decide where to buy depends upon a lot of factors:

a. Current position of BTC. Is at resistance or is it at support.

b. Previous history of the coin you are investing in. You need to determine the previous support levels. And when a coin drops at its support that is your cue to get in.

c. You need to know the liquidation levels of a coin, for that you can check different websites and applications by searching liquidation heatmap of the coin. Liquidation heatmaps are available for coins that are listed in futures.

d. Instead of buying at the time a coin falls, manually. Pre determine the lower support levels and place limit orders. So that your orders are auto placed because sometimes we do not get much time to get in.

e. Stay focused and dont loose your patience.

The method i used is known as DCA and helps bring down the average cost of the coin giving you an edge even if the coin does not recover fully.

In the end, I would like to say that I am very bullish regarding $NEIRO and i see extreme potential in this coin. However, currently the market is at an extremely important juncture. $BTC dominance is at an all time high and BTC is at an extremely strong resistance level so we need to tread very carefully.

This post is just to share my experience with others. DYOR before getting into any trade. Happy trading!