When investing in cryptocurrencies, there are several tips that can help you find potential coins and achieve good investment returns.
1. Find potential cryptocurrencies.
1. Look for cryptocurrencies that have increased by more than 100% in the last two months.
Some cryptocurrencies will show obvious signs before they rise. We can compare this to real life: outstanding individuals usually perform well in the past, while unreliable people may do some foolish things. When selecting investments, add recently strong-performing coins to your watchlist.
In specific operations, I prefer cryptocurrencies with steady price increases. It's a bit like choosing attractive people; everyone is excellent, but we will see who performs better next.
2. Focus on coins that have reached historical new highs and have been online for more than six months.
Don't be afraid of missing out just because the coin price has already risen. Any cryptocurrency that can tenfold is always starting from a twofold increase. A strong bull coin usually first creates a historical new high; this is not just blindly following the trend.
2. Patiently wait for the mid-term adjustment.
Waiting for the mid-term adjustment is very important. What is a mid-term adjustment? It means experiencing at least two months of fluctuations or pullbacks.
Why wait so long? Because it is necessary to allow the overly excited funds in the market to cool down and allow investors with significant profits to switch hands, thereby stabilizing the market. This strategy helps consolidate the thoughts and strength of investors.
The first wave of particularly strong cryptocurrencies can be shorter, requiring only a two-week adjustment. A sign of strong performance is when the coin price doubles within two months. 3. Resonance of indices and sectors.
Waiting for the mid-term adjustment to meet the requirements does not mean buying immediately. You must patiently wait for the resonance of the overall market and specific sectors, and then enter the market based on the following signals:
1. Initiation of a medium to long bullish line with increased volume.
2. Narrow fluctuations with reduced volume. There is no need to wait for the coin price to exceed the previous peak before the adjustment. Because surpassing it again does not necessarily mean success, entering at the starting point will be more advantageous.
The above methods can help you find potential coins in the market and invest at the right time, increasing the chances of investment success.
