The mantra for trading in short-term market circles:
Focus on the trend after market consolidation: When the price of a coin consolidates at a high level, it often reaches new highs; conversely, when it consolidates at a low level, it typically sets new lows. Therefore, one must wait for a clear direction of change before taking corresponding actions, and avoid acting impulsively.
Do not trade during sideways markets: Most traders lose money because they cannot adhere to this principle. During a sideways phase, the market is unclear, and trading rashly can easily lead to losses; one must learn to patiently wait.
Operate based on K-line trends: When choosing K-lines, consider buying when a bearish candle closes; conversely, when a bullish candle closes, it is a selling opportunity.
Pay attention to the rhythm of declines and rebounds: When the decline slows down, rebounds are often slow as well; however, after a rapid decline, rebounds usually gain strength. One must be adept at grasping these rhythm changes.
Use the pyramid buying method for building positions: Players need to build positions according to the pyramid buying method, which is a relatively stable and reliable strategy in value investing in digital currencies, worthy of operators to follow in practice.
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