The Tricks of the Crypto World💥
I have been trading cryptocurrencies for ten years. In the past, I was intimidated by Bitcoin (BTC), but now trading has become my way of making a living. Over these ten years, I've stumbled upon many pitfalls but have also gathered a lot of insights that I want to share with everyone, hoping to help you avoid some detours.
When the market is hot, the prices of coins soar. At this time, you have to be bold and increase your positions, just like driving on the highway; when the road is good, you have to step on the gas and let your money generate more money.
Before trading cryptocurrencies, you need to find a support point, just like you need to find a solid foundation when building a house. If you're doing short-term trading, the ten-day moving average is a good reference; if the line breaks and doesn't bounce back, you need to withdraw quickly, without hesitation.
Sometimes, when the coin price drops to a low point, but the trading volume increases and the price barely rises, and then the price pulls back without breaking that platform, you need to keep a sharp eye; this is often a good buying opportunity.
Why? Because this could very likely be the main players secretly accumulating their stock. The price pullback is their signal that they have finished buying, and you can follow in their footsteps.
If you get stuck in a trade, don't keep worrying about how much you spent to buy it. When the price rebounds, seize the opportunity to sell; wait until the price drops again to buy back. Don't stubbornly hold on to the original price; that way, you might miss out on opportunities.
When trading cryptocurrencies, focus on those that are likely to surge. Although they are volatile, they often continue to rise after a pullback. If you see a coin frequently surging, and the pullback is less than 30%, don't hesitate; jump on board quickly, as there may be a big market waiting for you.
Lastly, to trade cryptocurrencies, you need to have discipline. As long as the coins you are optimistic about do not break key positions, you must be patient and wait. Don't rush to chase after other coins that are rising fast, only to sell your own coins before they rise; that could lead to significant losses.
In the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, where an expected return of over ten times is not a problem. If you want to make big money in a bull market, like and comment, and I'll take you to layout the entire bull market.
