There is a particularly practical but seemingly clumsy method for trading cryptocurrencies that can help you steadily capture profits, but it takes time to slowly ponder. First, remember the three major taboos of trading cryptocurrencies!
The first taboo is to never follow the crowd and buy in when prices are skyrocketing. You need to do the opposite; when everyone is too scared to buy, be brave; when everyone is scrambling to buy, take it easy. Getting used to picking up bargains when prices are falling is what makes a master.
The second taboo is to not put all your eggs in one basket, that is, don't place all your bets in one go; diversifying your investments is the way to go.
The third taboo is to not go all-in at once, as that makes you too passive. There are plenty of opportunities; being fully invested means giving up on more possibilities, and the cost can be high.
Now, let's talk about six little tips for short-term cryptocurrency trading:
The first tip is that when prices are climbing high, they may take a breather and then surge again; when prices drop to the bottom, they might take a breath and then explore the bottom again. So, wait for the situation to clarify before taking action, ensuring profits without losses.
The second tip is that when prices are stagnant, don’t make any rash moves; this is a common mistake among many newcomers, so you must hold back.
The third tip is to look at the K-line chart; when a bearish line appears, it's a buying signal, and when a bullish line comes, you should consider selling, simple and practical.
The fourth tip is that when prices are slowly declining, rebounds will also be slow; however, if prices suddenly drop sharply, rebounds will come quickly.
The fifth tip is to build a position like stacking a pyramid, layer by layer; this is an old rule of value investing, steady and solid.
The sixth tip is that if a cryptocurrency keeps rising and falling, it will definitely move sideways for a while. At this time, don’t sell everything at a high point, and don’t buy everything at a low point. Because after sideways trading, it will either go up or down; once it changes, you must adapt and take action when the time is right!
Recently, I plan to ambush a potential coin that is about to explode, doubling my investment should be quite simple, and I also plan to find some potential coins to hold until the end of the year, expecting a return of over ten times is not a problem. If you want to keep up, like and leave a message, I will share it for free.
