Power Ledger (POWRUSDT) is another Altcoin pair that has been growing long-term, forever; higher highs and higher lows.
The dynamic is clearly shown on the chart and the last bullish wave that peaked in January 2024 produced a little bit more than 1,550% growth, which is amazing.
When the August 2024 long-term higher low came in it produced the highest volume ever, an exaggeration. The session closed green. Seeing this huge volume and the huge 2023/24 bullish wave indicates that this will be one of the pairs to grow super strong in 2025, you can see the targets on the chart.
Remember our strategy is pretty simple.
First, we only recommend spot trading for beginners and intermediate. No margin, no leverage; no risk.
Second, we buy and hold focusing on the long-term. If prices drop, we buy more. If prices drop again, we either buy more or simply wait depending on our finances.
What remains of 2024 is set for buying and buying only, we consider selling only in 2025 after strong growth.
There are also strategies for the short-term, chart setups for the short-term and trades for the short-term but we are not talking about those. The general and main strategy is buy and hold.
The biggest portion of your capital can be used to build a portfolio based on spot pairs. A smaller portion for short-term trades and an even smaller portion for leveraged trades.
We start with the spot and long-term, easy; set it and forget. Buy and hold. Let the market take care of the rest.
As we see our capital grow and we get used to the market, we start buying and selling, that's ok.
When we become experts at buying and selling successfully through spot, we can consider leveraged trades.
This is not financial advice.
This is my experience that I am sharing with you after years of being in the market.
Thank you for reading.
Your support is appreciated.
Namaste.