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Cryptocurrency Trading 8 Insights
1. Don't panic during early morning sharp declines; it's actually a good opportunity to buy low. If there's a significant opening surge, take the chance to lock in profits.
2. Don't impulsively chase after afternoon price increases; it can lead to losses. If there's a midday drop, look for buying opportunities the next day; there may be surprises.
3. Don't blindly cut losses during early morning heavy declines; markets often reverse. If there's no volatility during consolidation, it might be better to take a solid nap.
4. Don't sell if prices haven't peaked; earning less is still earning. If there's no drop, restrain yourself from entering the market recklessly; during sideways trading, staying still is better than acting.
5. Buy when there are downward candles; they offer good value. Sell when there are upward candles; take profits in a timely manner.
6. When everyone goes with the flow, only those with contrarian thinking can break through; find opportunities in adversity and become a winner.
7. When encountering back-and-forth consolidation at high and low points, don't rush to act; patiently wait for the direction to become clear.
8. If there's been a prolonged sideways movement at a high level followed by a surge, it often indicates exhaustion; sell quickly and don't cling to the last coin.
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