If you satisfy yourself that you are comfortable with a passive long term investment decision based on Fundamental Analysis, you still have to decide on a price entry point.
If your analysis suggests significant long term gains, then you may feel that the marginal gain from establishing an optimum entry point isn’t worth the consideration.
You can however, use Technical Analysis to decide an optimal point to make the lump sum purchase – using Technical Indicators as described above – and then sit back and hope your Fundamental Analysis is accurate over the longer term.
What we have described here are simple crypto trading strategies for beginners, ideal for those without the means or desire to spend time doing Technical Analysis.
The next article will look at trading strategies that are far more involved.
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