As you know, cryptocurrency trading allows you to make money on fluctuations in the rate of assets traded on exchanges through speculative operations designed for both short-term and long-term periods. On the one hand, this implies the possibility of making a profit from the purchase of one cryptocurrency with its subsequent sale, at a higher price. But, in addition, you can make money on the decrease in the value of the cryptocurrency, since you also have the opportunity to profit from the fall in its price by opening a deal in the “short”. The most successful and most common strategy for making a profit during a rise in the price of a cryptocurrency is the so-called “Buy and Hold” tactic. Using this strategy, traders make money on the growth of asset prices, both in the cryptocurrency market, as well as in the stock, foreign exchange and commodity markets. Its key feature is the correct entry into a long position after a strong correction in the market, followed by holding the open trade until the target level is reached, determined using technical analysis.
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