Don't be greedy when speculating in cryptocurrencies. Remember these few rules firmly, and you will be able to handle the cryptocurrencies with ease!

Don't be greedy for quick money when speculating in cryptocurrencies. The accumulation of wealth is a long-term process. If you only focus on the immediate benefits, you will easily lose your mind and fall into a trap. Only by pursuing steady growth can you find a balance between risk and return. The following 8 rules for speculating in cryptocurrencies, if you experience them carefully, will surely help you avoid detours:

1. Being trapped and replenishing positions is only for capital preservation. Expecting huge profits is greedy.

When you are trapped, the purpose of replenishing positions is to reduce losses, not to seek profits. Don't blindly pursue rebounds.

2. Behind the calm market, there are often big fluctuations.

Don't be confused by the temporary stable market. The market may change suddenly at any time.

3. There must be a callback after a big rise. Be vigilant when the K-line draws a triangle for a long time.

If you rise too much, there will be a callback. This is an iron rule. Observe the market pattern to avoid being trapped at a high position.

4. Buy at the negative line and sell at the positive line. It is the best way to operate against the market.

Buy when everyone is panicking and sell when everyone is crazy. This is the operation of masters.

5. Don't sell when it goes high, don't buy when it goes down, and never take action when it goes sideways.

Don't rush to sell at the high point of the market. Enter the market decisively when it falls below the support. Don't act rashly when it goes sideways.

6. Look at the pressure level when it goes up and the support level when it goes down.

Pay attention to the resistance level in the uptrend and the support level in the downtrend to know it well.

7. Full position operation is a taboo, and it is not advisable to act alone.

The currency market is unpredictable. It is necessary to keep flexibility at all times. Position management is crucial. Only by advancing and retreating freely can you be at ease.

8. The mentality of currency speculation is the biggest enemy. Chasing the rise and killing the fall will only make you lose more and more. Keep a stable mentality to be invincible in the market.

Keep these principles in mind and take steady steps to go further in the currency circle. I hope everyone can ride the waves in the currency market and make a fortune!