Positioning is very important! Never go all in; always leave some 'bullets' in hand to respond to market changes in a timely manner.

Think about position management and trading mindset. Give yourself a positioning and clarify what you want.

For short-term trading, consider selling near resistance levels. Don't regret it if it goes up; you were originally a short-term participant, just move on to the next one. If you hesitate to sell when it goes up, thinking about holding it for the long term, and then want to trade short when it goes down, this mindset can be very torturous for yourself.

If you are a long-term player, don't be afraid of pullbacks along the way. Focus on the results, not the process. Of course, you must endure a 50% or even 100% drawdown. The entire bull market is a rhythm of continuous pullbacks followed by rises, oscillating upward in a spiral. For swing traders, you can reduce positions when it goes up, but if the price pulls back after reducing, you must buy back to avoid missing out and chasing highs.

As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the crypto world but don't know where to start? Click on my profile to see the introduction to my work and witness the moment of miracles together.