Can ordinary people really turn their fortunes around by speculating in cryptocurrencies?
The most important thing about speculating in cryptocurrencies is a good mentality, and technology is second.
The core trading secrets of my stable compounding after 10 years of speculating in cryptocurrencies
1. Buy early when the price drops, sell early when the price rises: If you see a sharp drop in the price of the currency in the morning, don't panic, this may be a golden opportunity to enter the market; on the contrary, if the price of the currency soars, you need to be alert to the risk of callbacks and reduce your position in time.
2. Afternoon strategy: If the price of the currency continues to rise in the afternoon, you need to be cautious about chasing high and avoid standing guard at high positions; if it plummets in the afternoon, you don't have to rush to buy the bottom, you can observe the market reaction the next day before making a decision.
3. Stable mentality: In the face of market fluctuations, it is crucial to stay calm. When the price drops sharply in the morning, avoid panic selling; when the price of the currency is sideways, you can rest and keep a clear mind.
4. Follow the trend: When the trend is unclear, don't trade blindly. Don't sell if the price does not rise, don't buy if there is no callback, and wait and see when it is sideways.
5. Yin-Yang Line Strategy: When buying coins, it is safer to choose Yin-Yang Line to buy; when selling coins, wait until Yang-Yang Line appears before considering selling to obtain higher returns.
6. Counter-trend thinking: Although following the trend is the basic principle of trading, in some cases, going against the trend can also create miracles. Only by daring to challenge market conventions can you become a real winner.
7. Patient observation: When the price of coins is consolidating at high and low levels, you must not rush for success. Patiently wait for the market trend to become clear, and then act decisively, so that you can win.
8. Risks after high sideways trading: When the price of coins suddenly rises again after sideways trading at high levels, you need to be alert to the risk of callback. At this time, you should decisively reduce your position or leave the market to avoid being trapped at high levels.
9. Hammer Cross Star Warning: If the market shows a hammer cross star pattern, it means that the market is about to turn. At this time, you need to pay close attention to market dynamics, operate cautiously, and avoid the risks brought by full position operations.
