Eight Iron Rules for Survival in the Cryptocurrency World, Helping You Navigate the Battlefield

The cryptocurrency world is like a battlefield, with unpredictable changes. To establish a foothold in this turbulent field, the following eight iron rules must be kept in mind.

1. Be Cautious with Averaging Down. The cryptocurrency market is full of uncertainties; once trapped, do not blindly panic and average down in an attempt to quickly reduce costs. This approach contradicts market logic and requires careful consideration.

2. Increase Investment Only When Profitable. Do not blindly add funds before the trading system shows stable profitability. Losses indicate flaws in the strategy, and adding funds at this time will only exacerbate losses. First reflect and adjust, then act when the strategy is mature.

3. Follow the Trend. Market trends can be up, down, or sideways. Lighten your position or stay out during declines, actively participate in rises; conforming to the trend can improve the success rate of trades.

4. Keep Trades Simple. When charts show K-line patterns that align with your trading system, act decisively. At the same time, ensure proper stop-loss and position management to safeguard trading safety.

5. Do Not Average Down During Losses. Averaging down during losses is like adding fuel to the fire, it will only lead to uncontrollable risks. Stay calm and avoid emotional interference in decision-making.

6. Be Precise with Additions. When the market breaks resistance levels, appropriately increase your position to buy; when it falls below major distribution areas, decisively short. High-level fluctuations after a long-term rise may conceal secrets.

7. Avoid Impatience and Impulsiveness. Greed and desire are major enemies in trading. Maintain calm and patience to establish yourself in a complex and ever-changing market.

8. Allocate Rationally. Investing is like walking a tightrope, "do not put all your eggs in one basket." The risks in the cryptocurrency market are unpredictable; diversified investment and multi-faceted layout are the way to stability.

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