Key points that are easily overlooked when bottom fishing

1. Fund allocation strategy:

Don't invest all funds at once to bottom fishing. It is recommended to adopt a batch buying method, divide the funds into several parts, and gradually increase holdings at different price levels to reduce the average cost.

Reasonably control the proportion of funds used for bottom fishing and avoid over-investment to reduce significant losses caused by market fluctuations. According to your own risk tolerance and investment goals, formulate a suitable fund allocation plan.

2. Set stop loss and take profit:

- Be sure to set a stop loss when bottom fishing to limit potential losses. If the price falls to the stop loss level, you should sell decisively to prevent further losses.

- At the same time, set a reasonable take profit level. When the price rises to the stop profit level, consider selling part or all to lock in profits. The setting of the stop profit level should be appropriately adjusted according to market dynamics and personal investment goals.

Before making any investment decisions, it is crucial to fully understand the characteristics and risks of the cryptocurrency market. It is recommended to consult a professional investment advisor and operate prudently according to your own risk tolerance and investment goals.