Six points that must be mastered in a bull market for trading cryptocurrencies!!!
Turning a capital of ten thousand into a million is definitely not a dream.
What are the six points?
1. You must know how to set stop-loss and take-profit.
When we buy and sell cryptocurrencies, the goal is to make money from trading, not to keep them as family heirlooms. Be greedy when making money, but don’t hesitate to cut losses when losing; this won’t work. If the position trend is not right, you must act immediately.
2. Don’t always think about bottom fishing and peak escaping.
There are no absolute lows and highs in the market; retail investors can’t play that game. What we can do is trade in the bottom and top zones, steadily making profits.
3. Volume and price must cooperate harmoniously.
Those positions that rise without volume or reach new highs without volume should be approached with caution. They could likely be false signals of the main force liquidating; don’t chase, it’s better to miss than to make a mistake.
4. Reactions must be quick.
Whenever there’s a sign of change, quickly identify the favorable sectors and companies. If you can’t catch the first tier, don’t miss the second tier; you can still reap considerable benefits.
5. Learn to take breaks.
As the saying goes, it takes three months to see a bottom and three days to see a top. When cryptocurrency prices rise, the main upward wave is just a short segment, so seize the opportunity. At other times, rest well and recharge.
6. A sharp drop is a big opportunity.
After a sharp drop, there are often greater opportunities hidden. Be alert when others are greedy; be brave when others are afraid. When the market crashes, don’t be scared, pick some good positions, and build your position boldly.
These six points sound simple, but it’s not easy to truly implement them. Why? Because human weaknesses are hard to overcome. If you can’t get over this hurdle, then the dream of a million will be difficult to achieve.
Teaching someone to fish is better than giving them a fish.
Whether you are a novice or an expert investor in the crypto circle, what you gain from me is not just financial returns but also growth in investment knowledge and experience.
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