Hello everyone,
I'm delighted to be a member of this community and today I will writing on a cryptocurrency dual investment strategy.
There are many investment strategies that will help to keep one profitable when it comes to cryptocurrency. These strategies can be applied by anyone looking to make profits using cryptocurrencies.
- TAKING PROFITS
Let's start with taking profits. Investors can set a take profit target on their investments over a specified period of time.
For instance, the current price of TRX is $0.06 and an investor can set a take profit target at $0.1 with the timeframe of 2 weeks. This means that whenever the price of TRX hits $0.1 within that 2 weeks target, the investor automatically takes profit.
This feature can be found on Binance earn and it is important in helping investors take profits without having
to manually monitor their investments all the time.
- BUYING THE DIP
Buying the dip in another good investment strategy. This allow investors to take advantage of the market downturn in making investments. Investors buy the dip with the hope of buying at a lower price and selling at a higher price thereby making profits.
This strategy can further be improved using the Binance buy low dual investment option. This will allow you to set a target buy price and buy trade automatically excutes whenever the price hits the target buy price.
- GROWING YOUR HODLINGS
There's a Binance feature that allow users to set a buy or sell target and earn APY on their deposited asset irrespective of whether the target is met or not.
An investor can select the sell high dual investment option on Binance earn and set a duration of 1 week. The investor will continue to earn interest on the deposited asset until the set target is reach. If after the 1 week duration, the sell target is not reached, the asset is returned to the investors wallet along side the additional earned cryptocurrencies.
- INCREASE YOUR STABLE COIN HODLINGS
This method is similar to the just discussed method but it is opposite. In other to earn stable coins using the dual investment feature on Binance, an investor will have to go with the buy low dual investment option. This feature will allow an investor to set a buy order at a particular price with a specific duration let's say 1 week.
The investor will continue to earn stable coin interest on the deposited usdt until the set time is elapsed. For the investor to earn maximum interest, he will only hope that the price doesn't hit the buy target during this specified time.
- DOUBLE POSTIONS
This method is the combination of both methods discussed above. This allows you to earn altcoin interest buy setting a sell high dual investment option which will allow you to earn interest on the deposited altcoin. Also you set a buy low dual investment option which will allow you to earn interest on the deposited USDT or anyother deposited stable coin you choose to make the purchase with.
The dual investment method is a very good investment method which will allow you to earn interest while waiting to buy low or waiting to sell high. This is an investment method I would like to recommend to anyone who is itlnto cryptocurrency investment.