How to Navigate a Crypto Bull Run Pt. 1: Plan for Your Profits
Welcome to part one of our series on how to navigate a crypto bull run.
In this video, we’ll be discussing the importance of having a plan for your profits.
In a bull market, the prices of cryptocurrencies tend to rise. This can be an exciting time for investors, but it can also be overwhelming. With so much potential for profits, it can be easy to get caught up in the hype and make decisions based on emotion rather than strategy.
That’s why it’s important to have a plan for your profits. The key is to identify your risk tolerance, decide how much of your portfolio you want to allocate to cryptocurrencies, and determine how much of your profits you want to take off the table.
This will help you avoid making impulsive decisions based on fear or greed and ensure that you’re making the most of your investments.
Now that we understand the importance of having a plan for your profits, let’s move on to the next step in our series – how to identify entry and exit points.