How I Made Almost 100% Profit with Altcoins in a Few Hours: 🚀💸
I don't usually post my experiences here, but today I'm going to give some tips, especially for beginners, like now during the sudden drops in the market.
The crypto market got exciting at the beginning of this week. See how I made almost 100% profit twice in a row with some Altcoins.
I started the week trading 5 Altcoins in the futures market, with a low leverage of only 3%. Everything was fine, until the market started to fall sharply and I almost got stopped out. At that moment I increased the stop loss limit, but the market continued to fall.
Given the low capitalization, I removed the stop loss from the coins and watched the drops, resulting in the liquidation of two Altcoins.
I realized it was time to act. I applied the DCA (Dollar-Cost Averaging) method with the same value on the remaining 3 coins and increased the leverage from 3% to 10% and re-entered the liquidated coins.
Within minutes, the market began to reverse. Hours later, I not only recovered the loss, but also made profits of almost 100% on all coins and closed all trades.
Hours later, $BTC fell again, dragging the Altcoins down. I know that these retests are common, both of resistance and support.
I re-entered the same trades with a leverage of only 3%, then the market reacted, and I made more profits again.
This episode reinforces the importance of being prepared to act quickly and adapt your strategies according to the market's behavior.
Remember that I entered the trades with low values and leverage and as the market was liquidating in general, I watched my capital being consumed and waited for the moment to apply DCA.
I hope it helps those who don't have defined strategies when the market doesn't favor them, as well as to control their emotions in turbulent times.
Who else here has had an intense experience in the cryptocurrency market?Share in the comments!
