Popular trader Brian Jung shares with his subscribers the ultimate tips to make profits whenever the market faces a downturn.
According to the trader, despite the flash crash, Bitcoin is still in its bull cycle as BTC is still trading on the major support zone of $40K. Yet, he also points out that whenever Bitcoin goes down, it is a dip-buying opportunity, a perfect entry point for both Bitcoin and altcoins.
“If they stumble a little bit harder, you are literally getting a sale, especially if the crypto market continues to grow over the next few months, which I see happening. It is time to buy and to capitalize on the market, not time to fear,”
Analyst Jung suggests that responsible traders should set out a certain price target whenever they make an investment. Should an investment reach its initial target, it is time to sell:
“I always set a price target and told myself if it hits this, I’m selling. I can’t get greedy in a market like this because you never know what is going to happen and that’s when you get burned. Unless you’re absolutely diamond handing the huddle situation, you should continue to take off profits whenever you see peak euphoria or extreme greed in the market,“
Besides, the crypto KOL also advises always having a reserve of cash balance to buy the dips whenever the market dump happens. And then whenever the market recovers, traders can decide to sell for profits or they can wait a little bit longer and average down their overall investment.
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