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Some crypto Gurus call it up, some call it down, and some call it sideways. The main aim of gurus is to bring in more followers. For any token, those who have bought early are not afraid of a crash when the token has gone up too much. Not taking profits is still the dumbest thing that several investors are blamed for. They are all about holding. If profits are available, it is only practical to realize them soon.
Whoever held the bag, saw major gains and then back to its initial investment and them slightly on loss. So, holding forever might not be a great way to be in the game. Some of them expect to gain 1000X – particularly so with meme tokens like SHIB and Floki INU. This is not good to be in the game actively for too long.
Within practical time frames well thought and even without experience, several investors can make profits. Influencers will keep promising crazy numbers and many of them keep holding their bags, and when investors fail to realize their profits, they land upholding their bags and they end up with loss as opposed to seeing gains. They eventually behave as nothing happened.
Smart players know how to tap into the wealth-building momentum. When learning strategies, it is practical to identify only 3 to 5 sources and learn from them. In the cryptocurrency space, it looks like there are experts everywhere. This is an absolute killer. When you learn enough from 1 source, replace it if you need to be; however, it is not good to learn from 10+ sources simultaneously.
Investors can make profits from all kinds of cryptocurrencies. Many think that there is money to make only from Bitcoin and Ethereum. They think it is the safest of all as these tokens dip less when compared to other altcoins. Also, these tokens pump less.
It is important to understand that the best risk and reward are not there just from Bitcoin. Major investors are waking up to the sun encouraging investors to buy Bitcoin, but BTC and ETH are not the only things to look at – there are several other cryptocurrencies with profit-making potential.
Whatever tokens one is invested with it is important to realize the momentum of the price trend. Understanding the speed at which the price will change is crucial to make buy and sell decisions and eventually decide on the profits. Whether a token will continue to perform well in the short term, whether the price will sustain towards the future, and whether the current price will persist are all to be watched closely to decide the right entry and exit points.
The popular momentum indicators which investors can check are Moving Average Convergence Divergence (MACD); Relative Strength Index (RSI); Average Directional Index (ADX).
