1. Intense market fluctuations are like a touchstone, capable of identifying truly quality coins. When the market suffers severe blows, if your coin only experiences a slight decline, this often indicates that the market makers are protecting it. Resist the urge to follow the crowd; therefore, such coins can be held with confidence, and they will surely rebound.
2. For newcomers to the cryptocurrency space, if you feel lost regarding buying and selling, the most direct and effective method is to base your holdings on the short-term 5-day moving average. Once it drops below this line, sell decisively; for the medium-term, use the 20-day moving average, and exit if it falls below that as well. There are countless strategies, but the best choice is one that suits you. The path to trading does not lack methods but requires execution power. Persistently following the same strategy makes it easy to surpass 90% of people. The principle is simple, but the execution is difficult.
3. Once the main upward trend is established and the trading volume has not significantly increased, you should intervene decisively; continue to hold the coin during a volume increase, and hold if the downward trend has not broken despite reduced volume. However, if there is a volume-driven decline and the trend is broken, you need to reduce your position quickly.
4. After short-term trading, if there is no volatility within three days, it is advisable to retreat in a timely manner. If after buying, the price not only fails to rise but falls instead, and losses reach 5%, then you should stop loss unconditionally.
5. When a coin drops more than 50% from its peak and continues to decline for eight consecutive days, it indicates that it has entered an oversold territory, and the opportunity for a rebound may come swiftly.
6. When trading cryptocurrencies, focus on the leading coins and discard the lesser-known ones, as the leading coins have the largest upward potential when the market rises and are the most resilient during downturns. Do not miss opportunities out of fear; trading often contradicts human nature. Do not buy simply because the price has dropped significantly, nor should you stop investing just because the price has risen substantially. Often, the more daunting it seems, the more astonishing the gains; the more daring the chase, the easier it is to fall and harder to rise. The strong remain strong, and the essence of short-term trading in leading coins lies in daring to buy at high prices and sell at even higher prices!
7. Follow the trend to navigate through waves. The ideal buying price is not necessarily the lowest but rather just right. Buying at a low price does not guarantee an advantage, as it is difficult to determine the bottom during a market downturn. Discard inferior coins and respect the trend.
8. Do not let temporary profits cloud your judgment; it is essential to understand that sustained profits are the most challenging aspect of investing. Be sure to review your trades carefully, examining whether your gains were due to luck or skill.
Additionally, I have recently been paying attention to Elon Musk's dog PUppIE.s. Although its market cap is not high, with 16,000 addresses holding the coin, the community power is strong. If you have some time, it might be worth a look; it could be a potential opportunity.#BTC重返10万 #特朗普上台概念币有哪些？ #加密市场反弹 $BTC