Share a few cryptocurrency trading tips
First, when the market is in a sideways consolidation, we must patiently wait and not rush to act, because after consolidation, there will be a trend change.
Second, short-term popular positions are all speculation; once the hype fades, funds will withdraw, so we cannot become attached to our positions and must frequently change them.
Third, when the K-line gradually rises and a strong bullish candlestick appears with increased volume, it indicates that the market has entered an acceleration phase, and at this time, we must hold onto our assets and wait for profits.
Additionally, after a huge bullish candlestick appears, regardless of whether it is at a high or low position, we must decisively exit the market to prevent profit withdrawal. Furthermore, moving averages or important support and resistance levels are key for buying and selling; even if trades are wrong, we must act according to the rules.
Finally, before making a purchase, we need to prepare first. It is better to enter less than to enter too much, because the only constant in the cryptocurrency world is change.