WealthyJinli
WealthyJinli
2024-12-21 10:07
Bull run, simply put, means the overall trend is upward, and the rise is very fast. In this case, Fluctuation must also be large. AltCoin usually fluctuates by about 10%, but now with the bull run, 15%-20% fluctuation is no big deal.

Now AltCoin has fallen below the support level and entered an unattended zone. Coins with high market value may experience a 75% pullback, and those with low market value may even return to the starting point. But don't think the Bull Market is over just because of a drop, or you'll suffer great losses. Remember, in a Bull Market, even if you get trapped in a long position, there is still a chance to get out, but if you get trapped in a short position, you can only wait to be liquidated.

If you have a long position, don't rush to sell. You will regret it when the price rises again. Wait for a strong reversal signal before adding to your position and lowering the average price of your long position. This way, you will be ready for the cryptocurrency frenzy after Trump takes office next year.

If you don't have many long positions in hand, or haven't made money in the near future, don't rush. Wait patiently for the reversal signal. When you buy in at that time, you are buying in the 'golden pit' of the Bull Market, which is an excellent position. Never rush to buy just because of a big drop. The Bull Market is for those who are patient.
View Original
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
3
Add a comment
Comment
No comments