Is it luck or real skill to trade in cryptocurrencies? Ten years of hard work will teach you how to dominate the cryptocurrencies!
Tips for short-term market trading:
Pay attention to the trend after the big consolidation: When the price of the currency consolidates at a high level, it will often reach a new high; and if it consolidates at a low level, it will usually reach a new low. Therefore, you must wait until the direction of the change is clear before making corresponding operations, and you must not act blindly.
Do not trade when the market is sideways: Most cryptocurrency traders lose money because they cannot do this. The market is unclear during the sideways stage, and rash trading can easily cause losses. You must learn to wait patiently.
Operate based on the yin and yang of the K-line: When choosing the K-line, you can consider buying the daily line when the yin line is closed: and when the yang line is closed, it is time to sell.
Pay attention to the rhythm of decline and rebound: when the decline slows down, the rebound is often slow; and when the decline accelerates, the rebound strength will usually be stronger, so you must be good at grasping this rhythm change.
Use the pyramid buying method to build a position: Players need to build a position according to the pyramid buying method. This is a relatively stable and reliable strategy in value investment digital currency, which is worth following by operators in actual combat.
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