Can trading cryptocurrencies still yield stable profits?

Remember the following three golden rules to avoid falling into traps and make a fortune!

1. Don't buy during an uptrend

Don't let the market's bubbles blind you; an uptrend is not the right time to buy. Remember: "When others are greedy, be fearful; when others are fearful, be greedy." A price drop is the opportunity to pick up bargains.

2. Don't put all your eggs in one basket

Don't bet all your money on a single cryptocurrency; that's akin to gambling. Diversify your investments to minimize risk and stabilize returns. The crypto world is not a place to gamble your life away.

3. Don't go all in

Going all in can lead you to a dead end. The market changes rapidly, so keep some ammunition on hand to seize sudden opportunities. Maintaining flexible positions will allow you to go further.

Master the six secrets of short-term cryptocurrency trading

1. New highs after consolidation at high levels, new lows after consolidation at low levels.

Don't rush; wait for signals before acting. Chasing highs and cutting losses is a losing rhythm; be patient and steady.

2. Don't trade during sideways movements

When the market is in a sideways trend, don’t always be "itchy" to trade. Sideways does not mean there are no opportunities; it’s giving you time to adjust. Wait for signals before making decisions; don’t be an impulsive trader.

3. The K-line "electrocardiogram": buy on bearish lines, sell on bullish lines.

K-lines don’t lie; catch reversal signals. Dare to buy the dip on bearish lines and quickly take profits on bullish lines; go with the trend steadily.

4. When the downtrend slows, rebounds will also be slow; when the downtrend accelerates, rebounds will also accelerate.

Understand the market trend; rebounds have a rhythm. If you miss it, wait for the next wave.

5. Pyramid buying method, gradually building positions.

Buy in batches, don’t dump all your money in at once; take it slow.

6. After a cryptocurrency rises or falls, it will inevitably enter a sideways state.

If a cryptocurrency skyrockets, don’t rush to buy; if it crashes, don’t rush to sell. Sideways is the market’s adjustment period. Wait for trends to emerge before making decisions; don’t be a "retail investor"; when facing a downtrend, you should liquidate your positions.