✴️ Propy Grows 150%, Let Me Explain Patience Again!

6 lug 2023

Propy (PROUSD) peaked in January with another high in February and went into long-term correction mode.

June comes and most likely you decide to sell because it is going down and you are tried of waiting, you want to buy another pair, some of the action, another coin.

But what if Propy peaks in January and goes sideways until July and then breaks bullish and hits a new high? Would you wait then? Since there is no drop, you have faith/hope or you know that things are good, you can wait.

It doesn't work that way.
Paper losses are irrelevant, prices can go down, can go up...

How long are you going to hold?
What's your plan?

That's the most important thing to know.

Propy recovered 5 months of correction in a matter of days.

Yesterday it hit the same level as in February... You could have been looking at sideways consolidation and patiently wait.

That's why we focus on the long-term.
Patience is key.

All the correction has been recovered and now we aim for new highs, a new peak.

On the other hand, we sell portions at each target, we sell each time prices go up.

When the correction comes, we buy on each drop, every time prices hit support.

There are many ways to approach trading but if you are doing spot, a mistake can turn into a long-term wait, there is no need to take a loss.

Taking a loss is fine of course but not if the next day everything goes up.

Sell high and buy low.

Namaste.