Let me talk to you about how to invest in cryptocurrency more intelligently and safely. I will explain it in a more straightforward way and use metaphors to help you understand:
1. Diversify your fund management: It's like when you go to the market to buy fruit, you won't spend all your money on one kind of fruit. Divide your money into five equal parts and invest only one part at a time. In this way, even if you make a wrong choice, you will only lose a small part, not all your money.
2. Go with the flow: Imagine you are surfing in the sea. Going in the direction of the waves will make you feel more relaxed and more secure. If you go against the waves, you will be easily knocked over. The same is true for investment. It will be more stable to enter the market when the market is rising.
3. Stay away from coins that have skyrocketed: coins that have skyrocketed in the short term are like bubbles that have been blown too big and may burst at any time. Don't chase such coins after skyrocketing with a fluke mentality, otherwise you may end up being the one who takes the blame.
4. MACD indicator selection timing: MACD is like a weather indicator in investment. If the line forms a "golden cross", it means good weather and suitable for entry. If a "dead cross" appears, it may be that the weather is about to get worse and it is time to reduce investment.
5. Don’t blindly add to your position: Adding to your position when you’re losing money is like adding to your bet when you’re losing money in gambling, which will only make your losses bigger and bigger. It’s wise to increase your investment only when you’re making money.
6. Pay attention to volume: Volume is like the heartbeat of the market. If the price has been hovering at a low level for a while and then the volume suddenly increases, it may be an opportunity. If the volume is large at a high level but the price stops rising, it may be time to exit the market.
7. Choose a currency with a clear upward trend: When buying something, you will choose a currency with good quality and good reputation. Similarly, if you choose a currency with a clear upward trend, your chances of winning will be greater!
Pay attention to the Baibei family, the bull market will accompany you to grow without confusion!