What preparations do you make to see the coins to be pumped?
Are you going to wait for a higher upward trend or choose to sell when you have a chance?
what do you mean?
if i understand your question well so my preparation is buying when there is blood in the streets + diversify my portfolio + constant research on twitter to stay updated + researching new coins
Yes yes! One of most popular cryptocurrency sayings for traders. "invest when others are scared and sell when the market is booming". My preparations are basically simple as every other smart trader. Get in early, position yourself and mop up enough dip, once a positive news comes to trigger green candles, I sell off for some gains
That sounds very easy to do but it is not, what do you do when the price is going down and then you enter the market thinking it will go up only to find out the trend was stronger than what you thought and the price keeps going down? Do you have a stop loss or do you use your discretion to decide if it is a good idea to get out of the market? While these are basic questions you will be surprised by the amount of people that do not really have an answer to questions like that.