Insights from these days in the crypto world! For friends just entering the market.
1. Hot coins should not be clung to; altcoins should be exchanged for profit after reaching a certain point. Trying to hold from beginning to end is bound to be in vain. The reasoning is simple: altcoins cannot rise forever. After trading, you should exchange; otherwise, if it drops back to the starting point, all efforts will be in vain. For example, FIL and LUNA from previous years. 2. After a high-level sideways trend, prepare to sell when the opportunity arises; after a low-level sideways trend with new lows, a good opportunity is likely to appear. When the coin price creates a new high after a high-level sideways trend, be wary of the main force inducing buying. Don't hesitate to reduce your position or exit. Conversely, when the coin price creates a new low after a low-level sideways trend and quickly rebounds, it is likely the last shake from the main force; at this point, you should stay firm and unwavering.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.