Strategies to Know for Success in the 2024 Bull Season

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As the 2024 bull season approaches, there are some critical points that investors need to pay attention to. While most altcoins seem to have gained value during the upward trend, the importance of exiting at the right time is often overlooked. Being able to exit your positions before the bull market ends is essential to protect your profits.

Portfolio Diversification: Focus on the Right Projects

Holding all your assets in a single coin is a very risky approach. Diversifying your portfolio is one of the fundamental pillars of an investment strategy. However, when diversifying, investing in randomly selected coins can also be dangerous. During the 2024 bull season, choosing projects with strong fundamental analysis and long-term potential will be a much wiser choice.

Staking: The Most Effective Way to Generate Passive Income

One of the most effective moves at the beginning of the bull season is staking your coins. This way, as your coin count increases, your assets are securely protected. Since staking provides both portfolio growth and asset security, adopting this strategy before the 2024 bull season is highly sensible.

Risk Control in Leverage Usage is Essential

The most important rule for those trading with leverage is to adjust the balance management according to your risk tolerance. Using excessive leverage out of greed can increase profits but can also lead to severe losses. Instead of taking positions without considering the 2024 bull season, each trade should carefully determine position size and stop-loss levels, and disciplined risk management should be applied.

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