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Author Topic: How do you decide on a buy price target?  (Read 755 times)
savetheFORUM
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July 11, 2023, 04:08:10 PM
 #101

this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.
the most important thing is we have to choose the right cryptocurrency before doing DCA, because when doing DCA in a bad cryptocurrency or shitcoin, then of course it's just a waste of our money, therefore I recommend investing and DCA in cryptocurrency that are in the top 10 on coinmarketcap, because it's safer and for sure the price will increase, so it can give us a big profits in the future.
It is the very first step to choose the correct cryptocurrency that you will be investing in whether you are going to do DCA or simply buy all-in, though it is not recommended to buy all-in even if you are buying a shit coin because there is always the chance of it either going up or down, so if a cryptocurrency manages to up after you buy all-in, you will be in more profit, if it goes down from that point, you will regret your decision of buying all at once.

And, people usually do DCA with coins that have a significantly high value like Bitcoin or Ethereum and some other cryptocurrencies, and DCA is done when you are planning to hold on to the assets for the long term, if you are buying for the short-term, you should go for buying with an amount that you are willing to invest.
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July 20, 2023, 10:41:16 PM
 #102

It's always difficult to tell the price actually, so i choose a particular price and make it a target price for both buy and sell, If the price gets there; fine if it doesn't i will wait until the price gets there, there is no need chasing for price rather set your own target price. 
There are some traders out there that prefer to trade without a target price, basically if they open a position which has turned out to be incredibly profitable instead of selecting a target price at which they will sell, they simply let the market do its thing and keep moving up their stop loss if the price keeps increasing, now this is not a strategy that works well in ranging markets but when it comes to trending markets this strategy can be incredibly effective.

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bitkanu
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July 23, 2023, 11:13:25 PM
 #103

It's always difficult to tell the price actually, so i choose a particular price and make it a target price for both buy and sell, If the price gets there; fine if it doesn't i will wait until the price gets there, there is no need chasing for price rather set your own target price. 
agreed with this strategy wholeheartedly since I too always considers this strategy and make use of it, i'd just gonna bag some coins if the price reached my target otherwise i don't sweat over the coin
at all, it just easier this way honestly.

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Wahyuihib
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July 25, 2023, 02:05:47 AM
 #104

Every trader when making a purchase, of course, has a certain target which is used as a reference when he wants to make more sales by setting the selling price on the order list.  this is what I often do if I don't want to get a loss when trading

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