Description of today's trading strategy: #HODLTradingStrategy
In the world of crypto, "HODLing" is one of the most popular and simple trading strategies. It means holding a coin or token for the long term, regardless of market volatility. HODL stands for: "Hold On for Dear Life," meaning not to rush into selling your assets despite price drops or increases.
My HODLing strategy:
My HODLing strategy is based on a long-term vision and fundamental analysis. I prefer those coins which have:
Have real-world utility (like in DeFi, NFTs, or Web3)
Have an active and experienced team of developers
Have a strong community and a continuous development roadmap
Have market acceptance and liquidity
For example, coins like $BTC, $ETH, and $SOL have proven to be good in the long term.
How do I decide to take profits?
Although I am not affected by temporary market fluctuations, I do review my holdings from time to time. I adopt these principles for taking profits:
If someone reaches a major resistance level, I take partial profits.
I become cautious if there is unusual hype or FOMO in the market.
I always keep some portion for future HODL.
Summary:
HODLing is a name for patience, research, and long-term thinking. If you choose coins with proper planning, timely reviews, and strong projects, this strategy can be very beneficial.