What to do when everything goes up and the market is green?
When cryptocurrencies keep rising, it's exciting... but also dangerous if you don't have a plan!
Here are some tips to take advantage of a bull market and protect your profits:
Bull Market Checklist:
Hold onto your winning positions, but protect your profits by moving the stop loss.
Don't chase prices: Wait for pullbacks or good confirmations before entering.
Take partial profits: No one loses by taking profits along the way.
Don't get carried away by euphoria: If everyone says "this is only going up", it's time to be even more rational.
Monitor the volume: Rises with low volume can be traps.
Avoid weak coins: In a downturn, the weakest ones drop first.
Use moderate or no leverage: Protect your account, volatility is brutal in both directions.
Always have an exit plan: Before entering, define your target and your stop.
Remember: In a bull market, patience and risk management are worth more than excitement.
Enjoy the trend, but don't disconnect from your strategy!