The Secrets of Cryptocurrency Trading
1. If you can focus and deeply research one or two coins each year, and persistently excel with these one or two, the returns are usually quite substantial.
2. The money in the crypto world is endless and chaotic; if you think that your profits will continue daily or monthly, you might end up losing.
3. Short-term trading mainly focuses on volume, price, turnover rate, and speed of increase.
4. For stable cryptocurrency trading, buy coins that are starting to rise from the bottom.
5. By overlaying the overall market, sectors, and individual coin K-line charts for a detailed comparison, you can see whether there is strong or weak buying power in the market, which is very clear.
6. Be brave enough to admit mistakes; if you buy wrongly, stop losses in time. All losses in this market come from not stopping losses in time, regardless of whether you were making or losing beforehand.
7. When the price rises and the average line doesn't follow, and the deviation is too large, it's an excellent opportunity to exit short-term positions.
8. Set the moving averages to 5, 15, and 30; if the three moving averages diverge, the coin is very stable, and it would be even better if there is strong background support.