How to Make Secured Money in a Bull Market

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23 Apr 2024

Knowing how to make secured money in a bull market is an important skill every trader making financial moves in a bull run should possess.
Whether you are a newbie or a pro in the crypto market, you will always aim to make maximum profits at that.

Losing your hard-earned money to the market's volatility is the last thing you will ever wish for. As such, it's necessary to take careful investment steps.

Here, we will discuss how to make secured money during a bull run in the crypto market.

What is a bull market?

In the financial market, I was made to understand that the symbol of upward movement on the price chart is the bull, while that of downward movement is the bear.

When talking about the bull market, you should picture a bull running up the hill with enough energy.

When there is a bull run in the crypto market, the prices of tokens tend to surge beyond the normal increase rate.

So, therefore, a bull market is the kind of market where the prices of commodities experience unusual inflation.

Now that you know what a bull market is, let us move on to knowing how to make good and secure money from it.

How to Make Secured Money from a Bull Market

When I am talking about secured money, I mean locking in or closing in on a long-term profit without fear of losing it to massive price fluctuations.

Here is how you can achieve that:

1). Detect When the Bulls Have Arrived

Over the years, I have been hearing people say things like "buy the dip". Then I asked myself: "What if the dip gets dipper?".

Do you ask yourself the same question? Of course, you should try asking before making investment decisions based on market sentiment.

With the help of good analysis, you can detect the presence of warrior bulls. I call them warrior bulls because they are not in the market for a regular bull movement.

So, detecting their presence is the first thing you should do. "Look before you leap". Ask TRADING VIEW what that means.

2). Diversify Your Investment

That thing they said about putting your eggs in one basket depends on how you see it. But if you are the kind of person who loves to focus on one thing, then this step is not for you.

You would agree with me that, in normal market circumstances, some tokens or crypto assets move faster than others.

In this case, you will stand a chance of having a variety of profit values across all your investments, even though you shared your capital equally.

3). Take Out Your Money When Necessary

This is when securing the money bag comes into play. Before doing this, you need to look out for areas of potential reversal.

Some of these areas are important levels where the all-time is located and other strong resistance levels.

When you take out your money, you can decide to keep it in your bank, spend it, or keep it in stablecoins like USDC or USDT.

That is all I have for you concerning how to make secured money in a bull market. I am not an expert but only share my ideas based on experience.

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