my trading strategy is very simple, is to buy coins based on support, and when the breakout also I will buy it,
of course wait first, and don't buy it all in, if you buy all in it is a bad strategy, buy gradually and funds will be safe.
looks simple doesn't it? but this will be difficult to do if you are already trading in the field
How do you differentiate between real support for a coin and just plain hype. Recently when everyone was hyping for the SHIB token, a lot of traders got excited and thought there was enormous support for the token in the market but actually it wasn't support instead everyone was being a victim of the hype created through Twitter accounts and telegram groups.
I make strategies based on technical and fundamental analysis. If I found good and strong fundamental coin, I will hold it for maximum 1 year because that coin has potential to going up multiple times like 5-10x.
I do hold some bitcoins and earlier I never used stop loss for holding bitcoins just like you but after the sudden crash where the market fell down by 50% almost, I have started using stop-loss even for holding and I suggest you do the same because the market despite being mature and large, is still volatile and being controlled by some whales.