How to buy coins in a bull market? Don't be impulsive, understanding the trend is key.
Summary of 6 practical experiences to avoid detours:
1. Enter in the direction of the trend
A bull market is not a game of bottom-fishing; once the trend is established, the biggest fear is hesitating and missing the entire cycle.
2. Spike is an opportunity
The sell-off in a bull market is often a shakeout; the more aggressively it drops, the faster it rebounds. Daring to go all-in is necessary to capture the main rise.
3. Diversified layout
Combine mainstream and potential sectors without over-concentrating in one direction. Bull markets rotate quickly, and it’s easy to lose money by misstepping the rhythm.
4. Grasp the divergence
When the market is unanimously bullish, it's a high point; when unanimously bearish, it's a buying point. Contrarian thinking is more valuable than FOMO.
5. Stick to the long term
Trade less. Frequent trading in a bull market is unlikely to earn money from the main upward wave and can easily lead to being trapped in the opposite direction.
6. Fear not the pullbacks
Pullbacks are normal. A real bull market will continue to reach new highs after three or four significant pullbacks; the structure determines the upper limit of returns.
Opportunities in a bull market are never prepared for those who are short-sighted and trade frequently, but for those who understand the trend and can hold their positions.
