How to Maximize Opportunities in the Crypto Market?
The crypto market presents a multitude of opportunities. However, if we do not apply some of these practices, there won't be many opportunities to take advantage of. So, what can be done to capitalize on opportunities in the market?
#1 Update Various New Narratives in Crypto.
Smart money tends to create certain narratives to move the market towards specific sectors. When a winning narrative emerges in the market, the entire market will chase that sector and narrative. Keep yourself updated with narrative developments to take advantage of profits from various Altcoins that are experiencing increases.
#2 Don't Be Afraid to Step Out of Your Comfort Zone.
Often, there are opportunities in the market, but the necessity to try new things makes many reluctant to venture out. Then, after everyone else has tried, we feel FOMO. Take advantage of new opportunities before others and the crowd realize they exist.
#3 Use Small Capital for Exotic Plays.
There are many opportunities that are still gray in the market, where the chance and success rate are very minimal. Don’t be afraid to try new opportunities with the little capital you have. For all high-risk experiments, limit your risk to a maximum of 30% of your capital.
#4 Manage Expectations.
Many attempt to be degens and try new opportunities in newly established protocols. However, their mistake is risking too much and having expectations that are too high. Manage your expectations when trying risky opportunities.