A super stable and silly method for trading cryptocurrencies that helps you make money steadily!

When it comes to trading cryptocurrencies, stability is key. Here’s a particularly “silly” but reliable method that will help you capture profits and firmly control risks. Remember three major taboos:

Three things you must never do

1️⃣ Don’t chase the price: When others are panicking, we boldly enter the market; when others are frantically buying, we calmly observe. Learn to “buy when it drops, sell when it rises.”

2️⃣ Don’t put all your eggs in one basket: Never bet all your funds on a single trade; diversifying risk is fundamental to trading cryptocurrencies.

3️⃣ Don’t operate with a full position: A full position can put you in a passive situation; there are plenty of market opportunities, so keep some funds available to flexibly seize the next opportunity.

Six tips for short-term cryptocurrency trading

1️⃣ Don’t rush to buy when prices are high, don’t rush to sell when prices are low: Wait when prices are high, and don’t be hasty to sell when prices are low; only act when the trend is clear.

2️⃣ Don’t trade during sideways markets: When the market is sideways, conditions are unclear, and entering or exiting can easily lead to being shaken out.

3️⃣ Use candlestick charts for trading: Try buying during bearish candles and consider selling during bullish candles; go with the flow.

4️⃣ The speed of rebounds reflects the strength of declines: If the decline is slow, the rebound is likely weak; if the decline is fast, the rebound is often stronger.

5️⃣ Pyramid building method: Buy in batches, buy more as prices drop, steadily reduce costs.

6️⃣ Sideways consolidation after extreme price movements: After a significant rise or fall, the market usually consolidates sideways. At this time, don’t sell everything at the high, and don’t buy everything at the low; wait for a trend reversal before acting.