In the tumultuous sea of the cryptocurrency world, true experts do not rely solely on technology to dominate, but rather on a profound understanding of market rules and strict adherence to them.
These six iron laws will allow you to swim like a fish in the world of cryptocurrency trading, easily managing risks!
Volatility is constant, mindset is king: Don’t hastily declare a peak during an uptrend, and don’t assert a bottom during a downtrend. Just like whether Bitcoin can reach $150,000, only the market's frenzy can reveal the answer. What you think is the bottom may only be a brief pause; the true bottom is always unfathomable.
Build positions gradually, stability is king: Experts never rush to build positions; they control each buy and sell within one percent. This strategy gives them more opportunities to make mistakes, lower costs, and smaller risks.
Dare to chase highs, achieve the extraordinary: In the cryptocurrency world, fearing heights leads to a miserable life. Remember, the cost of the main players in a cryptocurrency is far more complicated than you imagine, including promotional fees, chip costs, development fees, etc., which can be multiples or even tens of times the investment. Therefore, daring to chase highs is essential to seize real opportunities.
Bull market turnaround, don't miss the chance: A bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, if he misses a bull market, he can only wait silently in a bear market. Therefore, in the cryptocurrency world, seizing a bull market is seizing the key to wealth.
Technical indicators, for reference only: Technical indicators often have lagging characteristics; they can only serve as references and not the main basis for trading. Although technical indicators perform well during a strong upward trend, the price is already high, so chasing after it requires caution.
Full of confidence, unafraid of the market: True cryptocurrency trading experts are full of confidence; they have experienced losses but have never been defeated. Because they firmly believe they will ultimately conquer the market, this belief is the key to their success.
Click on my avatar to follow me, and I will share bull market strategy layouts for free, various contract and spot price references. Become my fan, and I will help you reach the shore, you just need to lie back and relax.
