I entered the coin market about a year ago through the Binance app. At first, I didn't know anything about stocks or coins, nor did I understand support lines, candles... I only knew to buy when the price went down and wait to sell when the price went up, and I lost money, not much because I only tried with a few dozen USDT at that time. I thought I was being scammed when the buying price went up and the selling price went down. So, I stopped trading until October this year when I reopened Binance and sold all my old coins for 50 USDT. I don't know if it was luck or because later I diligently watched the indicators and predicted the price movements quite accurately, I deposited an additional 300 USDT, and within 2 weeks, my account had a balance of 500 USDT. Profit ~45%. Of course, if you invest more capital, you can earn more but also lose more if you miss the rhythm or make mistakes. Therefore, newcomers should pay attention:
1. Don't invest a large amount in meme coins, start with 1/5 of your capital to get used to the rhythm of the market.
2. When entering Alt coins, consider the information about the coin's ecosystem, check the 5-minute, 15-minute, 1-hour, 4-hour charts… to find indicators and time your investment with 2/5 of your capital.
3. The remaining 2/5 of the sustainable coin investment is $BTC or $ETH; these coins change price quite slowly, it's likely that we have to wait for some significant events for the price to change a lot.
4. After allocating your investment, you must be psychologically stable and know what stage you are in, because acting at the wrong time will always cause you to lose more money.
Finally, I wish you all always wise in your buying and selling decisions!!!
