source avatarFerruh DANACI

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Dear crypto enthusiasts, hey Romans. What’s the target? Where’s the bottom? Forget about pinpointing exact tops and bottoms. You need to aim for the average bottom and average top. You must let go of the mindset of “all-in buy” or “all-in sell.” If you set a goal like, “I’ll sell when it hits 5x,” you’ll never exit even if the coin reaches 5x—it’s highly unlikely. Instead, you should say: “I’ll start exiting when it hits 2x and continue until it reaches 5x.” You’ll need to buy and sell in increments. You say, “I’ll buy when this $100 coin drops to $10.” But when it falls to $15, you don’t buy. Then, when it rises back to $100, you regret: “I wish I’d bought at $15.” Or you buy a $10 coin and say, “I’ll sell when it hits $100.” But when it reaches $90, you don’t sell. If you take a step-by-step approach, this whole process becomes much smoother.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.