Focus on Strong Coins: When trading, pay attention to those coins that are performing strongly. If unsure, look at the 60-day moving average; enter or increase positions above it, and withdraw in a timely manner below it. This tactic works most of the time.
Avoid FOMO: When a coin's price rises more than 50% in one go, don't rush to jump in, as it can easily lead to panic. Buying at lower levels is often more secure, with less risk and usually greater potential returns.
Identify Uptrend Signals: Before a significant rise, there are usually some pre-signals, such as the price fluctuating within a small range of 10% to 20%, but with relatively low trading volume. At this point, you can gradually buy in at lower levels, which often allows you to catch the upward wave.
Seize New Hotspots: When a new hotspot emerges in the market, the first few days are usually very explosive. Following the footsteps of large capital to enter can often lead to easy profits.
Stay Calm in a Bear Market: When a bear market arrives, keep your hands steady, and it's best to remain inactive for at least six months. Try to minimize trading during unfavorable market conditions, and learn to rest; this is the hallmark of a skilled trader.
Regularly Review and Adjust Strategies: Review your trades every week, not just looking at how much you've earned, but assessing whether your strategy is correct. If it's right, stick with it; if not, adjust promptly. After a few months, your trading strategy will become increasingly robust.
Remember, success is not accidental; it belongs to those who are always prepared!
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