How can one trade cryptocurrencies without losing? Newbies must remember these 6 points! They will help you avoid detours.
1. When trading cryptocurrencies, focus on the strong ones. If unsure, look at the 60-day moving average; enter or add when above, exit when below. This trick works most of the time.
2. If something suddenly rises over 50%, don't rush to chase it; it can be unsettling. It's safer to enter at lower levels, reducing risk, and the potential for profit may be greater.
3. Before a big surge, there are usually signals, such as minor price fluctuations of 10% to 20%, but with low trading volume. In such cases, slowly buy at lower levels, and you may catch the rising trend.
4. When a new market hotspot emerges, the first few days will definitely be hot. Seize this opportunity and follow the big funds to easily make money.
5. When a bear market arrives, keep your hands off for at least six months. In a downturn, reduce trading; knowing when to rest is what makes an expert.
6. Take a look back every week; it's not about whether you've made a profit but whether your strategy is correct. If it's right, stick to it; if wrong, adjust. After a few months, your cryptocurrency trading path will be stable. Remember, success does not fall from the sky; it is for those who are prepared.
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks, remain calm and rational, and respond to market changes with a steady strategy! #币安BNSOL质押PYTH