Bottom fishing is a trap that many traders have fallen into.
Many people around me think they can buy low and sell high, but the result is often buying during a decline and watching the price continue to drop. I have seen too many such cases. Only later did I realize that instead of betting on a bottom, it's better to wait until the trend is truly confirmed before taking action. Price movements will always choose the path of least resistance, and those coins that are already rising are in the smoothest upward channel. Following the trend is much more reliable than guessing the bottom.
In recent years, during volatile markets, I have developed a relatively stable rhythm—gradually accumulating during bearish candles, and building positions in batches during pullbacks or the end of declines; once the upward trend starts, selling in stages during the rally. Simply put, be patient and accumulate chips during the decline, and take profits in stages during the rise. This way, you can avoid the big pit of bottom fishing and also prevent missing the top due to greed.
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GasFeeCrybaby
· 3h ago
The classic bottom-fishing trick is really brilliant; so many people get caught in it... chasing the rise actually leads to a longer life.
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ApeDegen
· 3h ago
Really, I've been caught many times by trying to bottom fish, now I've learned to be smarter.
To be honest, following the trend is much more reliable than blindly guessing the bottom, but it's not so easy to execute.
I'm also using this method of phased accumulation and phased selling, which really helps me sleep better without having to watch the market every day and wait for miracles.
The worst are those who go all-in at once, claiming they've bottomed out every time, but then...
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BoredRiceBall
· 3h ago
Basically, bottom fishing is like suicide. I've been trapped too, now I only follow the trend.
Bottom fishing is a trap that many traders have fallen into.
Many people around me think they can buy low and sell high, but the result is often buying during a decline and watching the price continue to drop. I have seen too many such cases. Only later did I realize that instead of betting on a bottom, it's better to wait until the trend is truly confirmed before taking action. Price movements will always choose the path of least resistance, and those coins that are already rising are in the smoothest upward channel. Following the trend is much more reliable than guessing the bottom.
In recent years, during volatile markets, I have developed a relatively stable rhythm—gradually accumulating during bearish candles, and building positions in batches during pullbacks or the end of declines; once the upward trend starts, selling in stages during the rally. Simply put, be patient and accumulate chips during the decline, and take profits in stages during the rise. This way, you can avoid the big pit of bottom fishing and also prevent missing the top due to greed.