A bull market is a time to reap huge profits, but it is also the time of highest risk.
How to select coins is important; buy sideways, avoid vertical drops, and sell at the peak of excitement; buy when prices are sideways or declining, and avoid chasing prices at highs.
At the same time, choose to sell when market sentiment is at its peak. Continuous small increases are real gains, while continuous large increases should prompt exit; small increases may indicate a genuine market rebound, while continuous large increases could be a bubble.
Therefore, you can hold during small increases, but may need to consider exiting during large increases.
Significant surges require a pullback; do not dig deep into pits and do not make large purchases; when prices surge significantly, a pullback often occurs, and one should buy during the pullback, rather than chasing prices at highs.
A main uptrend accelerating requires a peak; sell quickly during sharp declines and sell slowly during gradual increases; during rapid price increases, it may indicate the trend is about to end, so one should be alert for peak signals.
During sharp declines with low volume, it is a scare tactic, while gradual declines with increasing volume mean to exit quickly; when prices drop rapidly but with low trading volume, it may be due to market panic, and one can choose to hold.
When prices decline slowly but with increasing volume, it may indicate strengthening bearish sentiment, and one should exit in time.
During the bullish phase of altcoins, you may gain 100 times more than BTC or ETH, because their profit potential not only reaches 2 times, but can go as high as 100 times. You may understand the operational rules of the crypto market, but if you do not have a trading system, you cannot manage your emotions, leading to one mistake after another.
Please remember, if you view your positions as long-term investments, then market downturns should be seen as gifts. They provide opportunities to buy more tokens.
