In the world of cryptocurrency trading, it's crucial to be a realist, as my crypto mentor always emphasized during my early days of market exploration. One key lesson he instilled in me was that trading with a mere $200 might not lead to the massive wealth I initially envisioned.
Why, you ask? Well, it's because the crypto market is notorious for its unpredictability, with the potential for both substantial profits and frustrating losses, thanks to those infamous price dips.
But here's the secret: not all dips are bad. In fact, they can provide an excellent opportunity to enter the market and start making profits over time.
The strategy is to set some USDT (Tether) aside to purchase coins that have experienced a significant drop in price. Focus your attention on cryptocurrencies within the top 200 by market capitalization. Investigate why a particular coin's price has fallen and employ chart patterns to determine the optimal entry point.
And remember, patience is key. Don't rush into the market hastily. Be sure to cash in on your gains when they're substantial, and avoid impulsive decisions.
