I want to ask traders. What strategy makes sense when looking at the crypto market situation that is red. Besides observing the charts and their movements, I think patience is really needed in this case.
Please share a little of your experience of trading successfully.
Thank you for your time.
when you see all red for days, do not panic and sell your coins/tokens to the highest buy orders. relax and keep calm. research on the projects to see if there are announcements or news that leads to selloffs. many speculators are sending wrong signals to give fear to people to sell off their coins. they will silently put buy orders at very low prices. once their buy orders are filled, they will give reverse signals, spreading good news and announcement to have the targeted coin regain it's price and possibly get higher. this cycle goes on and on endlessly.
it is people's fear and greed that makes wise people gain money and weak people lose money.