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RE: What Are Some Things You Should not Do During A Bull Market Year?
In my opinion, you can buy HIVE without fear up to 0.5 USD. All purchases above that should be made only according to a plan. That means, before buying, you should know where you will sell, not just buy and hold. The 0.5 USD mark is not arbitrary. Anything below 0.5 is cheap, even at 0.5.
- First, technically, it will now serve as a strong support zone.
- Second, it’s a round number, a psychological barrier.
- Third, it was a resistance level in the accumulation channel that formed in 2022-2023.
If the price is around 2-3 dollars, what difference does it make whether you bought at 0.3 or 0.5? The profit will be huge.
0.00028205 BEE
Smart analysis. Thank you. In reality we never can tell how far we can go, I'm talking about the price of Hive. But you're right, technically anything below 0.5 is right, and one is bound to make profit anyway.
For me it was all about milking out more value and getting more for the HBD I had.
You can't know where the lowest point will be and where the highest point will be, it's impossible, and not really necessary either. What matters more is the average purchase price; that's the key when you're building a position.
I wouldn't say that profit is guaranteed in any case; it’s probably more accurate to say that there is a high probability of it.😁 You should always leave a bit of doubt in every action on the crypto market.
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