6 Tips for Trading Cryptocurrencies. If you want to play the game well, please read carefully.
1. When the coin price enters a stable upward channel, each pullback is a temporary stop and a good opportunity for us to get on board. There is no coin that keeps rising indefinitely. Pullbacks are like compressing a spring, in order to jump higher.
2. If it enters a definite downward channel, any rebound is an opportunity to exit. Once the trend goes bad, it may take a long time to rise again, don't resist the trend, and don't waste your time.
3. Short-term fluctuations depend on sentiment and fundamentals, but in the long term, don’t focus on the immediate gains and losses. Just like the current market, sentiment is in place, and the fundamentals determine the length and width of the rise.
4. Human judgments about bottoms are usually not the actual bottoms, but rather halfway up the mountain. The real bottom formation depends on sentiment and capital, so never blindly think you can catch the bottom. Often 9 out of 10 times you will get stuck.
5. Don’t rely too much on positive news. Real market trends play on expectations. Many retail investors like to listen to news to trade coins, but most of what you hear is just what others want you to hear. Even if it’s true, you don’t know how many hands it has passed through. By the time you find out, the market may already be ending.
6. Don’t casually increase leverage. It does not improve your winning rate. Once you incur losses, the numbers will be magnified infinitely. Don’t force yourself to act against your better judgment.
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