Trading cryptocurrencies is not easy, but once you master the tricks, making money becomes as natural as drinking water. Here are some rules for making money in a bull market, remember!
1. Rising trends are hard to resist: Once a rising trend begins, it often does not end easily. Therefore, when faced with potential large pullbacks, do not panic too much; be brave enough to enter the market. However, avoid blindly chasing lower points, or you may miss out completely.
2. Bull markets are volatile, positions should be flexible: In a bull market, the market often experiences rapid fluctuations. If your position is not fully allocated, patiently wait for a suitable pullback opportunity and then decisively increase your position. But remember, do not operate frequently to avoid affecting your mindset and returns.
3. Diversify investments to reduce risk: When trading cryptocurrencies, it is best to spread your funds across multiple key sectors. This can prevent overall returns from being affected by the short-term inactivity of any particular sector. Of course, also allocate funds reasonably based on your risk tolerance and market conditions.
4. Hold firmly and wait for rotation: Once you decide to buy a certain cryptocurrency, you should hold firmly and not be easily influenced by the market's short-term fluctuations. In a bull market, every cryptocurrency has the opportunity to rotate; as long as you hold on, there will always be chances to gain profits.
5. Market divergence is an opportunity: When there is divergence in the market, it often harbors opportunities. A cryptocurrency that is being criticized by many may be a potential investment opportunity. Conversely, when there is unanimous optimism, it may be a warning sign of impending risks. #ETH持续飙升