A super stable and silly method for trading cryptocurrencies that helps you make steady profits!
When it comes to trading cryptocurrencies, stability is the key. Here’s a particularly “silly” yet reliable method that helps you secure profits and firmly control risks. Remember the three major taboos: three things you must never do.
1️ Don't chase prices: When others are panicking, we boldly enter the market; when others are frantically buying, we calmly observe. Learn to "buy low and sell high".
2️ Don't put all your eggs in one basket: Never bet all your funds on a single trade; diversifying your risk is fundamental in cryptocurrency trading.
3️ Don't operate with a full position: Going all-in can put you in a passive position. There are plenty of market opportunities; keep some funds available to seize the next chance. Six tips for short-term cryptocurrency trading:
1️ Don't rush to buy high or sell low: Wait when prices are high, and don’t rush to sell when they are low; wait for clear trends before acting.
2️ Don’t trade during sideways markets: During a sideways market, the trends are unclear, making it easy to get shaken out.
3️ Operate based on candlestick charts: Try buying when you see a bearish candle, and consider selling on a bullish candle, going with the flow.
4️ Observe rebound speed against the decline's strength: If a decline is slow, the rebound will also be weak; if a decline is rapid, the rebound is often stronger.
5️ Pyramid building method: Buy in batches, buying more as prices drop, steadily lowering your costs.
6️ Sideways trading after extreme rises or falls: After a significant rise or fall, the market usually consolidates sideways. At this point, don’t sell everything at the peak, and don’t buy everything at the bottom; wait for a trend change before acting.
Recently, I plan to ambush a potential coin that is ready to skyrocket; doubling my investment is quite simple. I also plan to find some potential coins to hold until the end of the year, with an expected growth of over 10 times being no problem. If you want to follow along, watch my updates, leave comments, follow, and like. Gold. Skirt.