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Market Experiences Correction Again, What Should Investors Do?

The crypto market has experienced a correction in the past 24 hours due to the US market correction. Bitcoin has dropped, and many altcoins have experienced capitulation. So, what should crypto investors do?

1. Look for Strong Support Possibilities

Observe Bitcoin's strong support and other assets by looking at the weekly chart and other larger timeframes. Before making a purchase, scale in and enter the market gradually. Currently, many assets are oversold across all timeframes, and sentiment is in a state of fear.

2. Avoid Buying the Dip with Leverage

One common mistake traders and investors make is buying the dip using leverage. Be aware that leverage will put a strain on your capital and mental state, potentially leading to significant losses. Stay on spot, especially for beginners.

3. Risk Only 1% for Altcoins

In situations like this, 30% of your remaining liquid capital is crucial. Use this capital to buy the dip for a few coins with attractive narratives. However, remember to risk only 1% for each altcoin you buy, and don't exceed that. There will always be better opportunities in the market.

4. Stay Calm

Understand that corrections are part of the game, and markets don't move in straight lines. Remain optimistic and play more conservatively in the market, as we're nearing the end of this crypto cycle rather than the beginning. The risk is much lower than two years ago when the new cycle started.