Remember the key essence of being a cryptocurrency winner
In operation, closely follow strong coins, refer to the 60-day moving average, enter or increase positions online, and retreat offline. If there is a sudden surge of over 50%, do not chase; it's better to buy at a low position. Before a significant rise, there are often small price fluctuations and narrowed trading volumes; at this time, buying at a low position can yield profits. When new hotspots emerge, closely follow the large funds. In a bear market, keep your hands off and act less within six months. Review strategies weekly; persist if correct, adjust if wrong.
For newcomers in the cryptocurrency circle, there are many effective sayings.
For example, buy horizontally, buy in dips, and don't buy vertically; sell at peak excitement; a series of small increases is a real rise, while a series of large increases requires exiting; a significant spike will retrace; don’t dig deep pits, don’t buy heavily; an accelerated main rise indicates a peak; sell quickly during rapid declines and sell slowly during gradual increases; a rapid drop with no volume is intimidation; withdraw quickly during a gradual decline with increased volume; break through the life line for swing trading; daily and monthly lines assist in building positions; no volume increase is a trap for bulls; a new low with reduced volume or a bottom may be a buying opportunity when volume increases.
These sayings may be simple, but they are the crystallization of practical wisdom. Remembering and applying them can help avoid detours, grasp more opportunities in cryptocurrency trading, and enhance profitability and trading stability.
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