It feels really good when Hive pumps and turns the index green. This morning, when I woke up from sleep, I saw that Hive was up by 18%, and once again, there was a Korean pump. This is the beauty of this coin, as it gives an opportunity to do swing trading.
This is an excellent opportunity to profit from this pump, and this strategy is extremely simple. Keep 10% of your total portfolio in liquid Hive, and whenever you see a Korean pump, sell it, and then rebuy in just a few days.
This way, your Hive quantity will keep increasing, and at the same time, you'll keep making swing trade profits. As far as Iโve noted, such pumps happen once in three months, which pump by 15-30%.
If you take advantage of this opportunity, you could earn around 8% monthly. One thing to remember is not to do this with your entire portfolio because itโs not necessary that the price will go down; it could actually be bullish, and you might miss out on this opportunity.
Instead, do swing trading with 10% of your holding. Another advantage of Hive coin is that by staking it on the #Binance exchange, you get 18-30% APR.
This means that when there is no pump, you earn through staking, and when a pump comes, you sell and rebuy at a lower price.
In today's pump, I made a good trade and increased my Hive quantity. I sold my extra Hive at $0.28 and placed a bid at $0.26. If the price hits that, Iโll buy again and then stake it.
This is my practice, and itโs definitely a great and successful strategy. You guys can also try it. I hope this post is helpful for you, and you must have understood the strategy better. But if you didnโt understand, you can ask me in the comment section.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
Image Source
REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
