Don't be greedy when speculating in cryptocurrencies, remember these advices

First: The purpose of covering a position is not to make a lot of money, but to reduce losses. If you are trapped, don't think about making money back by rebounding, that's asking for trouble. The purpose of covering a position is to reduce losses, don't be confused by temporary entrapment.

Second: Calm market conditions often hide big fluctuations, don't be confused by short-term stability. The market is fickle, and it may change suddenly one day. Remember, there must be a callback after a big rise. Be vigilant when the K-line draws a triangle. If it rises too much, it will definitely callback. Be careful not to be trapped at a high position.

Third: The timing of buying and selling is critical. Remember: buy on the negative line and sell on the positive line. You have to buy bravely when others are panicking, and you have to sell decisively when others are crazy. Experts all operate against the market. Don't sell unless it goes up, don't buy unless it dives, and never take action when it goes sideways. Pay attention to the resistance level in the uptrend and the support level in the downtrend, so as not to panic.

Fourth: Full warehouse is a taboo, flexibility is the key. The currency market is unpredictable, position management is king, and flexible response is the key to success

Article 5: Mentality is very important, greed and fear are the biggest enemies. If you chase the rise and sell the fall, you will only lose more. Only by keeping a calm mind can you gain a firm foothold in the market.