🔥Bitcoin is back to 100,000🚀 How to make money in the bull market

Crypto friends, the bull market is coming, how can we make money in this round of market? The following six points are crucial.

1. Manage your money well: Divide your money into five parts, using one part each time to buy coins, while setting a 10% stop loss. This way, even if you lose once, you only lose 2% of your total funds; even if you lose five times in a row, you only lose 10%, which can protect most of your principal and prevent losing all your money at once.

2. Look at the big direction: Trading coins is like rowing a boat; you have to go with the flow. When the market is going down, if it occasionally rises a bit, it doesn’t mean the market is getting better; it could be a trap. If the market is going up and dips in between, it might be a good opportunity to buy coins at a low price, so seize it.

3. Don’t chase coins that are rising sharply: Coins that have risen significantly in a short period should be avoided. Once they finish rising, they are likely to fall, and if you buy in, you may get stuck, making it hard to withdraw your money.

4. Use the MACD indicator for assistance: The MACD indicator can help you decide when to buy and when to sell. When the DIF line and DEA line cross above the 0 axis after crossing below it, that’s a good time to buy; when the two lines cross downward above the 0 axis, it’s time to sell, so don’t be too greedy.

5. Learn to supplement your positions correctly: If the coins you've bought are losing, don’t rush to average down, or you’ll lose even more. It’s better to add more only after making a profit. Pay attention to the relationship between volume and price; if the price is low but the trading volume is increasing, and the price is rising, pay attention; if the trading volume is high but the price isn’t rising, sell quickly to preserve your gains. Choose coins that have been consistently rising and have potential to trade.

6. Summarize weekly: Spend some time each week reviewing your trading situation, where you did right, where you did wrong, and adjust your trading methods based on market changes. This way, you can earn more money and lose less in the crypto space.

Finally, I recommend a coin to everyone, Elon Musk’s Doge PP, which is on the Ethereum chain. Many people are paying attention to it, and its market cap is not high. For friends with less capital, it’s an opportunity worth considering, and it might rise significantly in this bull market.