Hi guys...
Panic situation among many of you I know, but everyone is becoming impatient , including me. Nothing too bad is occurring , which is making the market uncertain or bleeding. Sometimes it seems the whales' manipulation before the big bull run. All the impatients, persons having small capital, and newbies will be afraid and exit from the market, sell their assets at current price, which is definitely undervalued, and that is the whales want.
Market seems to be recovering now, and if you are taking new entries in spot, very good for you, and you will make a good profit sooner than the guys who took entries at a higher price. I am not talking about any specific tokens, but in general.
If you are dealing in futures, you need to be more cautious , coz if market dumps again, you may be liquidated . To avoid liquidation , don't put all your money at once in a single trade. Diversification is great even in futures. Like if you are to put 1000 dollars, invest only around 250 first. If it increases , well and good, but if it decreases, take the second trade again of the same amount , near the support area(4 hr timeframe preferably). Continue the same until you start seeing an uptrend. This way, your average price also comes down and you will start booking profit soon. But for this strategy to work well, you need to have a good cash in hand, to split in 4 or 5 parts. I am using this strategy and it is saving my money from getting liquidated .
Some quick tips
1) Avoid high leverage.
2) Avoid putting all your funds at once in a single trade.
3) Have spare funds
4) Have patience.
5) Also don't stick to the old coins from the last bull run and expect them to give you max profit.
All the best!
