The Complete Profit Taker’s Guide to Crypto Bull Runs (2024)

FAQs

How to take profits in crypto bull run? ›

2️⃣ Partial Profit-Taking at Different Levels

This method helps balance risk, provides liquidity, and you don't completely exit your position too early during a potential uptrend. Take-profit orders are market orders that you can pre-set to sell part of your holdings at pre-defined prices. Ethereum chart.

Smog Token ($SMOG) is one of the best new cryptos to buy for 2024 bull run gains. It is continuing to move towards the billion-dollar market cap milestone.

If you're looking for cryptos to buy, it is still not too late. As I've said many times over the past year, the crypto bull run was likely going to kick off in 2024. It's now clear we're in the midst of it, thanks to three key catalysts aligning in crypto's favor.

It is possible to make $100 per day, but there is no guarantee or specific technique you can use to ensure it happens. Cryptocurrency trading, lending, staking, and investing all come with significant risks because it is such a volatile and unpredictable asset.

The sharp decrease in the supply of bitcoin coming to market plays a role in catalyzing a bull market. This is hardly refutable when you look at historical post-halving bitcoin price action.

With the Bitcoin halving approaching, $SPONGE, $5SCAPE and $TUK have the potential to experience significant price increases. However, acting swiftly is essential, as some projects are nearing the end of their presale periods.

Here are three crypto moonshot opportunities with the potential to turn a small investment into life-changing wealth in the next bull cycle. ChainGPT (CGPT-USD): Offers AI trading tools, an NFT generator, and more tools tailored for crypto applications.

What is the next big crypto coin? ›

Smog Token ($SMOG) is one of the trending newly emerging meme coins to buy now. It's touted as one of the next big cryptocurrencies for 2024 due to its hugely hyped incoming airdrop, anticipated to be the biggest airdrop in the history of the Solana network.

The upcoming 2024 halving event is expected to trigger significant consolidation and defaults, as cash-strapped mining firms will struggle with slimmer profit margins and high operational expenses. This could force them to dump their bitcoin as they enter bankruptcy, which may keep the price down.

In the same way, you can buy in by dollar cost averaging (DCA) during the bear market; you can also sell and take profit during the bull market by setting multiple take-profit levels. This strategy, known as partial profit-taking, allows you to capture gains at various price points as the asset's value rises.

In simple terms, a crypto take-profit strategy is an investment strategy whereby you buy into a cryptocurrency when the price is low and sell when the price has risen to your desired level, thus "taking profits." This strategy can be used with any type of cryptocurrency, from Bitcoin to lesser-known altcoins.

Investors who want to benefit from a bull market should buy early in order to take advantage of rising prices and sell them when they've reached their peak. Although it is hard to determine when the bottom and peak will take place, most losses will be minimal and are usually temporary.

Most experienced crypto traders aim for at least 50% profit margin. You can aim for 100% profit margin, or even higher. If, for instance, your investment increases by 100%, it would be alluring to see where it goes. However, be aware that crypto market is volatile and if price climbs to new highs fast.