How to trade cryptocurrencies in a bull market? Don't be overly excited; understanding the trend is key.
Here are 6 practical experiences to avoid detours:
1. Fearless of corrections
Corrections are normal. A true bull market will continue to reach new highs after three or four deep corrections; the pattern determines the upper limit of returns.
2. 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 missing the rhythm.
3. Entering with the trend
A bull market is not a bottom-fishing game; once the trend is established, the biggest fear is hesitating and missing the entire market cycle.
4. Stick to long-term
Less fussing around. Frequent trading in a bull market is unlikely to earn the main upward wave's money and can easily lead to being trapped in the opposite direction.
5. Spikes are opportunities
The sell-offs in a bull market are often just shakeouts; the more severe the sell-off, the faster the recovery. Daring to go all in gives you the position to take advantage of the main rise.
6. Grasp divergences
When the market is unanimously bullish, it's a high point; when it's unanimously bearish, it's a buying point. Contrarian thinking is more valuable than FOMO.
