Some important strategies in crypto investing!

If you want to successfully survive or profit in crypto then you must adopt some effective strategies. Usually if we have invested in the market like other common investors then surely we can never expect good profit from here. Because we know crypto market is famous for volatility policy. And when the market becomes unstable, your portfolio may come down several times. So at this time you must be strategic if you want to save your money or take a small loss and make a good amount of profit there. Today I'm going to share with you some techniques that I think are very important. Of course, this is not strictly financial advice as you can do your own judgment analysis.

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I think as a strategic first step when we buy a coin we must focus on who the financial partnership behind that coin is. But what is the basis of this coin and its white paper should be well known and if we know well who are working behind it then it will be easier for us to invest. Of course we should know this because if we look in the market we see a lot of coins but not all coins are for investment. Because there are some terrible coins in the market which may bring you temporary profit but suddenly lead you to huge loss. Also, you know that there are many coins in the market that are listed and deleted again after a few days. So I think one of the first strategies that should be adopted is coin selection.

The second technique I'll talk about is something you've probably already used or experienced. That is when we invest in any coin we should not buy with full money. Rather, we should specify the amount of money we will invest in that coin and divide that money into at least three parts rather than buying it with the whole money. After buying a coin first, we must keep free stablecoins to buy a certain amount when the coin goes down and take a second entry when it goes down at least 30 to 50 percent. Just like that when it goes down again, taking the entry for the third time. So it can be seen that even if you buy at a high rate, your purchase rate will be much lower. Then when the market starts to recover you will see your profits start flowing in very short time.

Then you must learn to review candles well. When a coin goes down, its support levels should be closely monitored. So that you can understand how much these coins can come down. Then you can buy accordingly or set a rate to buy. Then you can easily earn good amount from the coins. But another important thing is that you must be constantly updated in the market. This is the most important strategy because the market often does not follow the right strategy but rather moves in the direction opposite to what we think. So if you have to survive in all these markets then you must be the right strategist. I hope you don't agree with what I have shared. If you are new then you may find it somewhat rewarding.