A few tips to avoid pitfalls:
1. An upward trend is not easily broken; every time it retraces to the trend line is an opportunity to buy in, so be bold.
2. The momentum during an upward movement is persistent; staying away from the trend line indicates greater risk, and profits diminish. Don’t chase the market based on your feelings; the notion that you should buy because you feel it’s going up is just an illusion created by the market makers. Chasing highs will lead to losses.
3. Go with the trend; trading cryptocurrencies is about trading trends. If the trend is bullish, the entry point is also very important. The risk of buying a coin at 60,000 is very different from buying it at 100,000, so seizing every opportunity to buy at key points when it dips to the trend line is the time to prepare for entry.
4. As long as you don’t chase highs, retail investors can turn into smart investors. We are currently in a very favorable mid-stage of a bull market, not yet at a breakout stage. Manage your positions well and allocate your account funds properly, and over the next six months, it’s not a problem for your account to conservatively grow 3 to 5 times.