The need for dollar cost averaging in the proper way!

Since the crypto market is volatile, the most effective strategy to survive in such a volatile market is Dollar Cost Everest. This is an effective strategy by which you can earn a good profit after buying a coin at a very high rate even if the market moves slightly. If you can use it well. But the sad thing is that although many of us do Dollar Cost Averaging but honestly we don't do this strategy the proper way. Due to which we have to buy these coins for a long time even if we adopt this policy or we face losses. Which we often make mistakes even I myself have made such mistakes. Today I am writing with you about important techniques in this regard hope it will benefit you.

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First we should choose a good quality coin and also divide the fund we have into five parts. Then we should coin with a portion and then if the market goes up from there we can enjoy the profit. But if the market goes down from there, the mistake we make is that we start buying the coin a second time when it goes down by a little five to six percent. Which is not desirable at all. We should know about the support and resistance of that coin and know well how much the coin can go down. The most important second entry can be when the coin's price drops by 30 to 50 percent. So if it goes up from there then we can earn profit from there in very little time. But if it goes down again from there, we can enter again with a portion of the funds we have seen for the third time if it falls by 30 to 50 percent.

Thus, if we buy the coins in a few steps and correctly, it will be seen that when it reaches a stable state, only a little upward movement will bring our edge to the price. Because we have correctly dollar cost averaged our buy rate will be much lower. If the market goes up from there, we will profit. In this way it will be seen that we will not need to sit for a long time. Moreover, even after we enter the market with 3 parts, we will have 2 parts left with which we can easily profit by investing in other coins when the opportunity arises later. By adopting this method we hope to keep our funds safe in any situation and come out with profit.