#Altcoin follows 2016-2017 simulation!
#AltSeason is inevitable and here are the do's and don'ts! 🧵
What to Do and Avoid During #Altcoins Season.
Things You Should Do:
1.Do Your Own Research (DYOR)
•Study the project’s technology, team, use case, and roadmap.
•Be cautious of low-volume projects that are susceptible to manipulation.
2.Practice Risk Management
•Don’t invest your entire capital in a single altcoin. Diversify your portfolio.
•Use stop-loss orders to limit potential losses.
3.Follow Market Trends
•Monitor indicators like Bitcoin dominance and total market volume.
•Evaluate the level of hype in social media and communities.
4.Plan Your Profit-Taking Strategy
•Don’t assume prices will rise indefinitely.
•Take profits at predefined targets.
5.Stay Calm
•Avoid panic selling due to sudden price movements.
•Focus on logic rather than emotions when making decisions.
Things You Should Avoid:
1.Don’t Fall for FOMO (Fear of Missing Out)
•Avoid chasing rapidly rising prices. This often leads to buying at the top.
2.Don’t Invest with Borrowed Money or Credit
•While altcoin season offers high returns, losses can also be significant.
3.Don’t Put All Your Funds into a Single Coin
•No matter how promising a project seems, risks are always present.
4.Don’t Blindly Believe in Hype
•Projects heavily hyped on social media are often manipulated by whales or pump-and-dump schemes.
5.Don’t Deviate From Your Plan
•Never trade without an exit strategy. Stick to the goals you’ve set for yourself.
6.Don’t Lose Sight of the Long-Term Perspective
•Many altcoins undergo significant corrections after the season ends. Ensure you convert your gains into real value when possible.
#Alts season presents great opportunities, but careless actions can lead to substantial losses. Adopt a balanced strategy, and only risk what you can afford to lose.
#AltSeason is inevitable and here are the do's and don'ts! 🧵
What to Do and Avoid During #Altcoins Season.
Things You Should Do:
1.Do Your Own Research (DYOR)
•Study the project’s technology, team, use case, and roadmap.
•Be cautious of low-volume projects that are susceptible to manipulation.
2.Practice Risk Management
•Don’t invest your entire capital in a single altcoin. Diversify your portfolio.
•Use stop-loss orders to limit potential losses.
3.Follow Market Trends
•Monitor indicators like Bitcoin dominance and total market volume.
•Evaluate the level of hype in social media and communities.
4.Plan Your Profit-Taking Strategy
•Don’t assume prices will rise indefinitely.
•Take profits at predefined targets.
5.Stay Calm
•Avoid panic selling due to sudden price movements.
•Focus on logic rather than emotions when making decisions.
Things You Should Avoid:
1.Don’t Fall for FOMO (Fear of Missing Out)
•Avoid chasing rapidly rising prices. This often leads to buying at the top.
2.Don’t Invest with Borrowed Money or Credit
•While altcoin season offers high returns, losses can also be significant.
3.Don’t Put All Your Funds into a Single Coin
•No matter how promising a project seems, risks are always present.
4.Don’t Blindly Believe in Hype
•Projects heavily hyped on social media are often manipulated by whales or pump-and-dump schemes.
5.Don’t Deviate From Your Plan
•Never trade without an exit strategy. Stick to the goals you’ve set for yourself.
6.Don’t Lose Sight of the Long-Term Perspective
•Many altcoins undergo significant corrections after the season ends. Ensure you convert your gains into real value when possible.
#Alts season presents great opportunities, but careless actions can lead to substantial losses. Adopt a balanced strategy, and only risk what you can afford to lose.
Trade active
Literally, as we mentioned before, the biggest mega #ALTseason of all time is coming, more impressive than the 2016-2017 period.#ALTS season is right there if you don't hodl you can't get rich!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.