A winner in cryptocurrency trading is worth billions, revealing the essence of trading coins is fantastic! Collect it well!!!
1. When trading coins, focus on the strong ones. If you're unsure, look at the 60-day moving average; buy when above it or add more, withdraw when below it. This strategy works most of the time.
2. If something suddenly rises over 50%, don't rush to chase it; it can be panic-inducing. It's more stable to buy at lower levels, with less risk, and potentially larger profits.
3. There are always signals before a big rise, such as small price fluctuations of 10% to 20%, but with low trading volume. At this point, slowly buy at low levels, and you’ll likely catch the wave.
4. When a new hot topic emerges in the market, the first few days will definitely be hot. Seize this opportunity and follow the big money to make money easily.
5. When a bear market hits, control your hands, and don't move for at least half a year. If the market is bad, trade less. Knowing when to rest is what makes you a master.
6. You should check back every week, not to see if you made a profit, but to see if your strategy is correct. If correct, persist; if wrong, revise. After a few months, your trading approach will be stable.
If you are new to the crypto world, remember these most effective trading mantras:
1. Buy sideways, buy dips, don’t buy verticals; sell at the peak of excitement;
2. Continuous small rises are real rises; continuous big rises mean it's time to exit;
3. A large surge requires a pullback; don’t dig deep pits or make big buys;
4. Main upswing acceleration must see a peak; sell quickly on sharp drops, sell slowly on gradual rises;
5. Sharp drops with low volume are intimidation; gradual drops with high volume mean pull back quickly;
6. Price breaking through the lifeline, don’t hesitate to make swings;
7. Pay attention to daily and monthly charts, build positions following the main force;
8. If price rises without volume, the main force is luring more in, don't stand guard;
9. Low volume new lows are signs of a bottom; increase in volume during rebound means it's time to enter:
In the crypto world, the simpler things are often the most effective. All mantras are the crystallization of wisdom.
Learn these mantras, keep them in mind, and apply them in practice; they will definitely help you avoid many detours.