- đ» The overall market is currently in a downtrend.
- đ Bitcoin (BTC) and Ethereum (ETH) are forming lower highs, which means prices could move lower.
- âł If you're a long-term investor and don't own BTC or ETH yet, avoid FOMO buying.
- đ° Try to make your first entry near strong support levels or during market dips.
- đ If you already bought at the top, you can use DCA (Dollar Cost Averaging) to reduce your average entry price.
- â ïž Trading without a proper plan during a downtrend is risky.
- đ Only experienced traders should consider short trading. Beginners should focus on spot trading and long-term investing.
â Benefits
- âïž Better entry points can increase your profit potential.
- âïž DCA helps lower your average buying price.
- âïž Avoiding FOMO can protect you from unnecessary losses.
- âïž Good risk management and patience can improve long-term results.
