A super stable and simple method for trading cryptocurrencies that helps you make steady profits!
In cryptocurrency trading, stability is key. Here’s a particularly “simple” yet reliable method that helps you securely capture profits and firmly control risks. Remember the 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 invest all your funds into a single trade; diversifying risk is fundamental in trading.
3️⃣ Don't go all-in: Going all-in can put you in a passive position; there are plenty of market opportunities, 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, and don't rush to sell when prices are low: Wait when prices are high, and don't hastily sell when they are low; only act when the trend is clear.
2️⃣ Don't trade during sideways markets: During sideways markets, the trend is unclear, making it easy to get shaken out.
3️⃣ Operate based on candlestick charts: Try buying during bearish candles and consider selling during bullish candles; go with the trend.
4️⃣ Observe the speed of rebounds relative to the strength of declines: If the decline is slow, the rebound will also be weak; if the decline is fast, the rebound is often stronger.
5️⃣ Pyramid building method: Buy in batches, increase your purchases when prices drop, and steadily reduce costs.
6️⃣ Sideways trading after extreme rises or falls: After a significant rise or fall, the market usually consolidates sideways. During this time, don’t sell everything at the high or buy everything at the low; wait for the trend to change before acting.