Cryptocurrency Trading Strategy: Buy-and-Hold Cryptocurrency Trades


XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is created to build, engage and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelToken Plus is now available on 14 diverse cryptocurrency trading platforms where you can use the below cryptocurrency trading strategy:


Ways to Enter Buy-and-Hold Cryptocurrency Trades
Many investors simply buy cryptocurrencies and hold them until they feel it’s a good time to sell. These stockholders often do-little technical examination before incoming trades and may in some cases prefer not to use stop loss orders.

Traders and investors with technical examination skills may prefer to enter cryptocurrency trades after weak or significant price retracements. Other participants like to enter the market on a break of resistance. This adds the benefit of motion sanction.

Buy-and-Hold Tips for Trading Cryptocurrencies
  • Use larger time frames for technical analysis, for example, daily, weekly, and monthly charts.
  •  If using stop losses, don’t place it too close to your entry.
  •  Leverage should be minimalized or no leverage should be used. Holding leveraged cryptocurrency trades for months or years can be costly.
  •  If possible, take advantage of pullbacks to get a better entry price.
  •  If the uptrend is non-volatile and very strong, don’t wait for deep retracements. At-market entries may be considered in this instance as well as breakout entries.
  • Keep an eye on vital factors that may influence the long-term viewpoint of the cryptocurrencies you’re trading.

Use the Buy-and-Hold Cryptocurrencies Trades a good cryptocurrency trading strategy while trading with XcelToken Plus on any of the 14 platforms that it is listed on.



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