Ever wonder people celebrating a project for doing several X but your portfolio is still in negative? Trading in general entails buying at a right price and selling at the right/desired price because the only aim of trading is to make profit. A lots of crypto newbies fall prey to buying the top and become exit liquidity for others.
One important factor that we mostly ignore when buying a token is the Market cap (MC). Is mostly advisable not to buy when the MC is too high unless you are convinced. I know usecase, project team, community etc are other factors to be considered but MC is highly important and we mostly miss it out. It is mostly advisable to buy when the MC is very low, i.e buying a token very early but one major problem associated with this strategy is spotting this project on time. Some Kols claim tracking whale Contract Address (CA) is the way to go, others believe Defilama, Dextool etc help them, while some believe some exchanges listed early. Either way, what are your strategies to buying low and selling high?
After i have researched a project and im satisfied with it, i use both fundamental and technical analysis to decide when to secure its token. My background knowledge on DeFi also comes handy here
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