๐ Success with crypto: dissecting a top wallet ๐ค
This wallet, which ranks 48th in our ranking, shows a profit of 2386% for 3 transactions and a balance of $396,407. What makes it so successful? ๐ค
Lessons for traders:
1๏ธโฃ Patience and stamina: 83 months and only 3 trades - sometimes less is more.
2๏ธโฃ Hold on to assets: A successful trader knows how to hold on to assets and not panic in the market.
3๏ธโฃ Market Research:
- Technical analysis: Watch the charts and indicators.
- Fundamental Analysis: Evaluate news and events affecting cryptocurrencies.
- Trading Volume: High volume indicates interest in the asset.
- Market Sentiment: Analyse trader sentiment through social media and forums.
- Historical volatility: Understanding past volatility helps predict future volatility.
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