A big trend appears in the crypto world, is the wealth code still a heartbeat challenge? Family, the market in the crypto world has been absolutely crazy lately, one moment it’s a big trend 🚀 This trend really makes people both love and fear it!
📈 Bitcoin has broken through key resistance levels and is soaring, the price is like riding a rocket. Ethereum is also not to be outdone, closely following with a fierce increase. Other mainstream cryptocurrencies are also rising, and market sentiment is extremely enthusiastic.
What does a trending market mean? It means opportunities and risks coexist! For those who catch the trend, this is the prelude to financial freedom, with profits surging. But if the direction is wrong, one might be slapped hard by the market in an instant.
💡 Faced with such a big trend, what should we do?
1. Go with the trend: Once a trend is formed, it’s hard to change in the short term. Follow the trend and don’t easily go against it, or you may easily be taught a lesson by the market.
2. Control your position: Never let the market hype confuse you into going all in. Reasonably controlling your position allows you enough room to respond to market fluctuations.
3. Set stop-loss: This is key to survival. The market changes rapidly, and no one knows what will happen next second. Properly setting a stop-loss allows us to cut losses in time when things go wrong, avoiding greater losses.
I have a friend who, during a trending market, did not set a stop-loss and ended up losing a significant amount of profit. So everyone must learn from this lesson!
Of course, in investing in the crypto world, mindset is also very important. Don’t be swayed by short-term fluctuations; have a long-term perspective.
