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There is an ultra-stable method for trading cryptocurrencies that can guarantee profits, but it requires deep understanding. During the trading process, there are several key taboos that must be remembered.
First, do not enter the market when prices are rising. The correct approach is to decisively buy during market panic and remain calm during market frenzy. Get used to looking for buying opportunities when prices are falling.
Second, do not concentrate all your funds on a single trade; learn to diversify your investments to reduce risk.
Moreover, avoid using all your capital. Full capital allocation will make you lose flexibility, as there are many market opportunities, and it will increase your opportunity cost.
Next, here are a few short-term trading tips:
1. Do not rush to buy when prices are high, as there may still be room for further increases; similarly, do not rush to sell when prices are low, as there may still be room for further decreases. Wait for the trend to clarify before acting.
2. Do not trade during sideways movements, as this is one of the reasons many people incur losses.
3. Observe the candlestick chart; consider buying when a bearish candle appears and selling when a bullish candle appears.
4. When the speed of price decline slows down, the rebound will also be slower; when the price decline accelerates, the rebound might be stronger.
5. Follow the pyramid principle when building positions, which is a classic strategy in value investing.
6. After a certain cryptocurrency experiences a significant rise or fall, it usually enters a sideways phase. At this time, do not sell everything at a high point, nor buy everything at a low point. Because after the sideways phase, there will be a change in trend, and if the price drops from a high point, you need to quickly liquidate your position.
Additionally, the Elon Musk-themed Ethereum Chain concept coin 'puppies' is worth paying attention to. This cryptocurrency has an active community, with nearly 16,000 Ethereum addresses holding the coin, and a market value of just over ten million, making it a potential dark horse in the primary market.
First, do not enter the market when prices are rising. The correct approach is to decisively buy during market panic and remain calm during market frenzy. Get used to looking for buying opportunities when prices are falling.
Second, do not concentrate all your funds on a single trade; learn to diversify your investments to reduce risk.
Moreover, avoid using all your capital. Full capital allocation will make you lose flexibility, as there are many market opportunities, and it will increase your opportunity cost.
Next, here are a few short-term trading tips:
1. Do not rush to buy when prices are high, as there may still be room for further increases; similarly, do not rush to sell when prices are low, as there may still be room for further decreases. Wait for the trend to clarify before acting.
2. Do not trade during sideways movements, as this is one of the reasons many people incur losses.
3. Observe the candlestick chart; consider buying when a bearish candle appears and selling when a bullish candle appears.
4. When the speed of price decline slows down, the rebound will also be slower; when the price decline accelerates, the rebound might be stronger.
5. Follow the pyramid principle when building positions, which is a classic strategy in value investing.
6. After a certain cryptocurrency experiences a significant rise or fall, it usually enters a sideways phase. At this time, do not sell everything at a high point, nor buy everything at a low point. Because after the sideways phase, there will be a change in trend, and if the price drops from a high point, you need to quickly liquidate your position.
Additionally, the Elon Musk-themed Ethereum Chain concept coin 'puppies' is worth paying attention to. This cryptocurrency has an active community, with nearly 16,000 Ethereum addresses holding the coin, and a market value of just over ten million, making it a potential dark horse in the primary market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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