It is no longer news that the crypto market has been dealt a heavy blow, evidenced by the significant price declines witnessed across almost all crypto entities in the past few days.
Subsequently, so much anxiety and uncertainty have set in among investors, resulting in some of them fearfully selling off their accumulated crypto assets to mitigate further losses, as all indications seem to hint at a worsening market outlook in the coming days.
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Bearish RSI divergence for #Bitcoin on the monthly chart.
Is the bull market over? 👇💬 pic.twitter.com/X1JPhM2v3Z
— STEPH IS CRYPTO (@Steph_iscrypto) June 12, 2024
Amid the doubts and confusion, Lucie, a crypto investor, and Shiba Inu’s ecosystem marketing lead, has carved some unique strategies for traders to cope as long as the bear market persists.
Taking to her verified X handle, the Shiba Inu ecosystem marketing lead stated, “Bearish days are tough. People get moody, fudders get hyped, and negativity takes over Twitter. If you’re a long-term investor, it’s best to step away for a while. Here are some tips to stay emotionally untouched.
Strategies To Stay Calm In Market Chaos
Highlighting some strategies to stay calm in market chaos, Lucie noted that focussing on long-term goals remains a top priority, which seems relatable, considering that now does not favor short-term investment.
Secondly, the Shiba Inu ecosystem lead marketer stated that educating oneself while the market declines persist could be a reliable distracting factor to keep one sane amid many uncertainties.
Limiting social media presence was another significant strategy that could help investors cope with the dwindling market, as the market remains one of the most potent fuelers of the “Fear, Uncertainty, and Doubt” (FUD) syndrome.
Trading Strategies To Adopt To Maintain Calmness
As earlier stated in this insight, periods like the recent market declines that have struck the crypto market are renowned for pushing traders into making questionable and wrong market decisions.
However, there are some adoptable trading techniques to help maintain calmness, which Lucie highlighted in her tweet. Notably, the Shiba Inu lead market noted that portfolio diversification could come in handy during this period, which seems an intelligent idea to guarantee safety in case of any eventuality that might prevent a crypto asset from appreciating in the future.
The second investment technique spotlighted by Lucie was maintaining a connection with positive communities, as they would do wonders in helping investors attain sound mental health status all through the bearish phase.
Patience and discipline, two unique qualities every trader must imbibe to become successful, can not be overemphasized as they remain crucial ingredients in the present poor market run.
Finally, Taking breaks and reflecting on past market cycles – adopting these two unique strategies will motivate investors amid hopelessness and despair.
Bearish days are tough.
People get moody, fudders get hyped, and negativity takes over Twitter.
If you’re a long-term investor, it’s best to step away for a while. Here are some tips to stay emotionally untouched.
•Focus on long-term goals
•Educate yourself
•Limit social…— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 12, 2024
Keep Takeaways From Lucie’s Assertions
Considering the aim of Lucie’s write-up, one of the key takeaways from her insight was that it revolved around long-term investors and not necessarily short-term profit poachers.
Hence, investors trading on a short-term basis are not encouraged to adopt most of these strategies as they could significantly backfire. Instead, they should maintain constant and regular market observation habits to decipher when to buy and sell for profits.
It is worth noting that amid the declines, tokens like BONK and PEPE are recording gains. Therefore, it justifies short-term traders’ involvement in crypto asset investments despite the bearish outlook.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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