Remember these points to avoid some detours in the crypto world!
Averaging down is meant to reduce losses, not to make big profits.
When trapped, don’t expect to break even through a rebound; that’s asking for trouble.
The core purpose of averaging down is to minimize losses, don’t let temporary entrapments cloud your judgment.
Calm judgment and rational operation are the keys to success.
Beneath calmness often lies a storm; do not be fooled by appearances.
Market conditions may seem stable, but hidden risks lurk beneath. Remember: a big rise will surely be followed by a correction; remain vigilant when candlesticks form triangles. After a significant rise, a correction is natural; do not buy at high prices.
There are tricks to trading: buy on down days, sell on up days.
Be brave to buy when others panic, and decisively sell when others are euphoric. This is the secret of skilled traders operating against the market.
Keep in mind: do not sell on highs, do not buy on dips, and never enter when the market is sideways.
Pay attention to resistance levels during uptrends and support levels during downtrends to avoid going with the flow.
Having a full position is a big taboo; flexibility is key.
The crypto market is ever-changing; position management is crucial. Keeping some margin allows you to respond calmly to various sudden situations.
Maintain a steady mindset, stay away from greed and fear.
Chasing gains and cutting losses will only lead to greater losses. The market changes rapidly; only by staying calm and making rational decisions can you remain undefeated in the crypto world.
Steady operations and rational investments are what truly allow you to master the market!
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