$TROY Just when everyone is targeting 0.0040, the price will surge to 0.0060. TP1 40 seems okay, but keep a TP2 at 0.0050 and atleast 10% at TP3-TP4, 0,0055 and 0.0060 respectively. You won’t regret it.
My wife is always right. She doesn’t know much about Bitcoin but she said $BTC will keep hitting all-time highs and reach $100K till new years. She is always right and I trust her gut feeling. 🚀
What I love about $BTC and the crypto market in general is that it keeps on giving you more opportunities to buy. Crazy amounts of opportunities. FOMO will not get you anywhere. Grab the opportunity whenever you’re lucky, whether it is buying a dip or selling a high. Just do it, fearlessly.
Tip: If you are a new spot trader who remained calm during all of this and just collected profits and avoided futures trading, you’re probably wondering when to reinvest. Many will advise you to just keep the USDT in your spot wallet and wait for a dip to reinvest. What I’m doing is reinvesting it back into the spot market but this time I chose to invest in $PAXG , which is basically GOLD. The gold market took a slight dip so not a bad time to invest your $BTC profits in there.
Tip: Sometimes DCA can get you into trouble if you don’t have the liquidity to go with it. And especially if you time your buys wrong. A similar strategy would involve hedging by going the opposite direction on another coin (which resembles movement) rather than keep on increasing risk on a single coin. That way you can collect profits either direction the market moves as well as wait patiently for a coin to either bottom out or stop pumping to start your DCA work. Patience is the key.