Quote from: Asuspawer09 on Today at 12:46:40 PM

Quote from: cryptomark2021 on Today at 11:55:42 AM

Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?

Thank you.

600% is a good profit when it comes to investing in the altcoin market, you could still risk it in the market because it is still altcoin season and probably it might pump more in the coming months.

But you need to understand that you need to set a goal in your investment or set it at a certain price point to sell it because altcoin season could end and money in the market need to circulate, I never see a token in the market just continue to pump mostly up to 5years and then it is going to reset there is always a risk that market price is going to go down so always set a goal.

You could look at the chart of ATH of some altcoins where the market circulates and support is falling, as long as you made a good profit already it's a good time to sell already don't be too greedy.

I would like to set a price where to sell, but INJ is in discovery price and I have no previous support/resistance etc. What to do?

cryptomark2021

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