The trick to speculating in cryptocurrencies is simple and clear: six don't buy, four don't sell, and six don't buy:
1. Don't touch the coins that have been falling and the 60-day line has not stabilized. For the coins that are trending downward and have been falling, let's wait and see when they can turn around.
2. Don't buy the coins that have risen and good news.
When good news comes, it is often the time to ship. If the coins that have risen again have good news, the main force may want to withdraw.
3. Don't chase the coins that have risen sharply and stay away from the 5-day line.
Coins that rise too fast are also risky, and it is easy to fall when chasing high.
4. Don't take risks with coins that suddenly jump high at high positions.
The risk of gapping at high positions is not small, and it may be that the main force is quietly shipping.
5. Avoid coins with a turnover rate of more than 30%.
The turnover rate is too high, which means that the long and short sides are fighting fiercely. Let's not participate in this volatile market.
6. Don't be fooled by coins that are still holding up in a bad environment.
Coins that are still being pulled up when the market is not good are probably "smokescreens", don't be fooled.
Four things not to sell:
1. Coins with RSI between 50 and 80, continue to hold.
RSI is in the middle and high, this coin still has stamina, and you can make more money by holding it.
2. Don't rush to sell coins that jump up from a low position.
Jump up, the bulls are in a strong momentum, and see if they can continue to rush. 3. Hold on to coins that are trending upward.
Follow the trend, the longer you hold on to the coins in the rising trend, the more you earn.
4. Don't sell coins with chips concentrated in one place easily.
The chips are all piled together, and the main force may still want to pull it up, and it's not too late to wait for the high point to make a move.
Tips for trading coins:
Coin trading must follow the rules, not by feeling. Seeing the trend clearly is much more reliable than blindly guessing.