• Now, the most important thing is to buy before the uptrend.
▪︎ Many say “buy the dip” but no one explains how.🫡
▪︎ This is... a practical guide on how to buy now the drop 👇
◇ Buying the dip means buying the currency at the lowest price.
90% think this is done by buying one + guessing the landing.
□ But how can you predict this?
• Answer = You can't.
In fact, it's more complicated 👇
◇ Here is the breakdown of "buy on the downside"
To three main things:
-What are you buying?
- When to buy
- How to buy
1/ What do you buy?
The main thing is to buy strong altcoins.
By doing a simple search for one hour, you can identify the project such as:-
▪︎RWA
▪︎AI
▪︎Meme
▪︎DeFi
These are the simplest examples.
With powerful altcoins you can earn multiples.
>/ It is more difficult to choose specific projects.
Therefore:-
I advise you to use @CryptoRank_io to check the currencies
Filter the symbols you need and search for a specific currency, taking into account:
- Good plan
- Active social community
- Benefit (if not memecoin)
Also, check the slots on locked coins.
>/ Diversification
Remember that putting your entire portfolio into one project is high risk.
So, diversify your portfolio and let your portfolio
as follows:
- 1 AI
- 2 RWA
- 3 memecoins
- 4 DeFi
>/ Purchase stages
Buy:
The accumulation phase, which we are currently in, where it is necessary to buy cumulatively.
Selling: Peak Market Stage
It may last 4 to 5 months at which time the purchase is closed at a profit before the decline.
3/ How to buy?
This is exactly what separates the losers from the winners.
- How to buy.
Don't buy with everything in your wallet
Or buy in one go and expect big profits.
This is why you need to use a strategy.
/ The cost averaging strategy is simply buying the currency gradually.
Making the average purchase price as low as possible.
As an example, a $1k wallet:-
• First purchase - $200
• Second purchase - $200
• Third purchase - $300
• 4th purchase - $300
You can change the amounts however you like. This is just an example 😊
This is the end of this post.
I hope you like it
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