How can one avoid losses in cryptocurrency trading?
1. When trading cryptocurrencies, focus on the strong ones. If unsure, look at the 60-day moving average; enter or add when it's above the line, and withdraw when it's below. This trick often works.
2. If something suddenly rises over 50%, don't rush to chase it; that can lead to panic. It's steadier to enter at lower levels, which carries less risk and may offer greater profit potential.
3. Before a significant rise, there are usually signals, such as minor price fluctuations of 10% to 20%, but with low trading volume. At this time, slowly buying at low levels often allows you to ride the wave.
4. When a new market hotspot emerges, it will definitely be hot in the first few days. Seize this opportunity and follow the big funds to easily make money.
5. When a bear market arrives, keep your hands steady and refrain from trading for at least six months. If the market is poor, trade less; knowing when to rest is a sign of a skilled trader.
6. Every week, take a moment to reflect—not to check if you've made a profit, but to see if your strategy is correct. If it's right, stick with it; if it's wrong, adjust it. After a few months, your cryptocurrency trading approach will become stable.