There is a clumsy way to trade cryptocurrencies, but it can almost earn enough profit, just take time to ponder. When trading cryptocurrencies, there are three things you must never do.

First, do not buy when the price is rising; learn to be greedy when others are fearful, and be fearful when others are greedy. Get used to buying when prices are falling.

Second, do not place orders all at once.

Third, do not operate with a full position; being fully invested makes you too passive. There are plenty of opportunities in this market, and if you are fully invested, the opportunity cost of missed chances can be high.

Now let's talk about six tips for short-term cryptocurrency trading:

First, when the coin price rises to a high level and consolidates, it often has the potential to push further; when it falls to a low level and consolidates, it usually needs to test the bottom again. So, let's act once the direction is clear.

Second, do not trade during sideways movement; many people lose money in cryptocurrency trading simply because they fail to do this.

Third, when looking at the candlestick chart, consider buying on the daily line when a bearish candle closes; consider selling when a bullish candle closes.

Fourth, if the decline is slow, the rebound will also be slow; if the decline is fast, the rebound will come quickly.

Fifth, build positions using a pyramid approach; this is an old rule of value investing.

Sixth, if a cryptocurrency continuously rises and falls, it will definitely enter a consolidation phase afterward. At this time, do not rush to sell everything at a high point, nor rush to buy everything at a low point, because after the consolidation, there will always be a trend change. If it starts to fall from a high point, clear your position quickly; in any case, just take action when the timing is right.

As a seasoned cryptocurrency investor, I share my experiences and insights. Interested in the cryptocurrency world but don't know where to start? Follow me and check out my homepage to achieve freedom in this bull market.