Ten essentials and suggestions for cryptocurrency trading:
1: Don’t be greedy or impatient: In the cryptocurrency circle, it is crucial to remain rational and patient. Greed can easily lead people to make impulsive decisions and miss the right time to sell.
2: Understand the market structure: Although the saying that "the banker does not let the big cake collapse" reflects a phenomenon in the market to some extent, it should not be completely relied on for investment decisions. The market is affected by many factors, including the global economy, policy changes, and technological innovation.
3: The main force also has difficulties: understand the difficulty and strategy of the main force's operation, but should not be swayed by it. The market is complex, and the main force's intentions are not always obvious or as they wish.
4: Pay attention to the bottom volume: The bottom volume may be a signal of capital intervention, but it needs to be combined with other factors for comprehensive judgment to avoid being misled by false breakthroughs.
5: Patiently wash the market: Washing the market is a common phenomenon in the market, which is used to remove undetermined investors. Stay calm and wait patiently for the market trend to become clear.
6: Mid-term strategy and position management: Hold a bullish currency while maintaining a certain liquidity, and optimize the cost and income of holding positions through rolling operations.
7: Key points of short-term operations: Short-term trading requires keen market insight and quick decision-making ability. K-line charts, market sentiment, heat and rising speed are important reference factors.
8: Security of bottom-building buying: The currency in the bottom-building stage is relatively safe, but it takes time and more market signals to confirm the success of bottoming.
9: Correctness of chasing up: Although chasing up may bring quick returns, the risk is also relatively high. It is necessary to accurately judge the sustainability of the upward trend and avoid taking over at high positions.
10: Application of technical indicators: The divergence phenomenon is an important concept in technical indicator analysis, which can help predict market reversal points. However, it should be combined with other analysis methods and the actual market situation for comprehensive judgment.
This is just my personal opinion, for reference only. Please like, follow and forward. I wish everyone's account will be prosperous all the way!!!
