6 Key Points to Prevent Loss in Cryptocurrency Trading, Essential for Beginners
1. Choose strong coins, refer to the 60-day moving average, enter or increase positions online, pull back offline, simple and effective.
2. Do not chase after a price increase of over 50%, buy low for better risk-reward.
3. Pay attention to signals before a big surge; when prices fluctuate slightly (10% - 20%) and trading volume decreases, buy in batches at lower prices.
4. In the early stages of new market hotspots, closely follow large capital entering the market to profit from the trend.
5. In a bear market, hold back; operate minimally for at least six months, resting and recuperating is the best strategy.
6. Review strategy weekly; stick to what works, adjust what doesn’t, and steadily build a trading system.
The cryptocurrency market is complex and volatile; investors must understand risks, maintain rationality, and respond with a prudent strategy.