The floor is your moment, many will tell you that you're going to lose money, that when you see a red candlestick, you should get out of there as soon as possible. And they're partially right.
It's true that if you have capital invested in an asset, whether it's $BTC or any other, and you see a red candle threatening to drop below your entry level (watch out here), it's advisable to exit to avoid losses tied to the value.
However, it's also recommended that once you're out, you take full advantage of the asset's dip.
To do this, it's good to determine where the floor is, to start from there; a floor is an area on the chart that seems... As we've said, a floor where the value appears to "stall," this is where you should inject part of your capital and wait for it to grow.
And it's very important to understand that until the value surpasses your entry point, NEVER sell for anything you hold dear.
It's true that if you have capital invested in an asset, whether it's $BTC or any other, and you see a red candle threatening to drop below your entry level (watch out here), it's advisable to exit to avoid losses tied to the value.
However, it's also recommended that once you're out, you take full advantage of the asset's dip.
To do this, it's good to determine where the floor is, to start from there; a floor is an area on the chart that seems... As we've said, a floor where the value appears to "stall," this is where you should inject part of your capital and wait for it to grow.
And it's very important to understand that until the value surpasses your entry point, NEVER sell for anything you hold dear.