Hello everyone, today I want to talk to you about some truths in the cryptocurrency world, which are applicable everywhere! No matter which coin you are focused on, do not let market emotions cloud your judgment. Cryptocurrency prices fluctuate, and there is always an invisible wall. The more sharply the price rises, the stronger the rebound will be after hitting the wall; drastic price swings are often a sign of loss of control.
In terms of trading strategy, when encountering a slow decline, we can look for rebound opportunities at the current support level; during a sharp decline, we should pay attention to larger support points for rebound setups. As for a slow rise, it is advisable to continually raise your take-profit position and either hold or make appropriate swing trades. However, if there is a sudden spike, remember to decisively cash out to protect your profits.
In short, maintaining rationality and calm operation is the key to remaining undefeated in the cryptocurrency world. I hope these small suggestions are helpful to everyone; investing carries risks, so proceed with caution!