Want to make steady money from cryptocurrency trading? Listen carefully, these three iron rules will help you avoid pitfalls, and a bulging wallet is not a dream!
First, don't chase the rise! If you rush in as soon as the market gets hot, it's like jumping into a fire pit. Remember, when others are reveling, you have to stay calm; when others are trembling with fear, you have to seize the opportunity to pick up leaks.
Second, don't bet all your belongings on one coin. What's the difference between this and gambling? Diversify your investments, and you will feel more at ease once the risks are spread out.
Third, don't go all in! The market is like the weather, it changes at any time. Leave some room to have a chance to catch those sudden "big red envelopes". Only with flexible positions can you go a long way.
Next, some tips for short-term cryptocurrency trading, take them and you're welcome!
At a glance at the trend, if the high position is stable and does not move, it may continue to rise; if the low position is dawdling and not moving forward, be careful that it will continue to fall. Don't be impatient, wait for the signal to be clear before making a move, impulse is the devil, steady and steady is the kingly way.
Second, remember to stay in a sideways market, the market is playing hide-and-seek with us, don't be itchy at this time, wait patiently for it to show its fox tail.
Third, keep an eye on the K-line, the Yin line is an opportunity, and the Yang line is collected as soon as it comes out. Follow the trend, don't go against it, and you will be happy steadily.
Fourth, look at the rhythm, the decline is slow, and the rebound is also slow; the decline is accelerated, and the rebound follows quickly. See the pulse of the market clearly, don't miss it or chase it randomly.
Fifth, use the pyramid method, purchase in batches, don't throw it all in at once, take your time, and win in a steady manner.
Six, understand the rules, don't rush to buy when the currency soars, and don't panic to sell when it plummets. The sideways market is an adjustment period, wait until the direction is clear before taking action. Don't be a "leek", the trend is wrong, withdraw quickly!
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