Did you know? Trading cryptocurrencies actually has its tricks. With just simple operations, making big money is not impossible. Do you believe it?

Let’s get straight to the point. Just remember the following mantra:

First, watch the sideways market, act only when the trend changes. When the market is not very clear, don’t rush. You must be patient and wait until the direction is clear before taking action, this way you can be more secure.

Second, don’t cling to popular positions, frequently change your holdings. Those popular positions should not be held onto too tightly. Once the hype is gone, the funds will follow suit. If you react a bit slowly, you could easily get stuck, so always keep an eye on your positions and change them in time.

Third, hold steady during a gap up. During the upward trend, if you see a high opening bullish candlestick with increasing volume, it indicates that the market is accelerating. At this time, you should hold onto your coins steadily and wait for them to continue rising.

Fourth, exit at the end of a large bullish candlestick. Whether at a high or low point, as long as a large bullish candlestick appears, there’s a high probability that there will be a pullback afterward. Even if it’s a limit up, you need to withdraw quickly; otherwise, the profits you’ve made could be lost, which would be a pity.

Fifth, buy on the downward trend, sell on the upward trend. Learn to observe key indicators like moving averages, support levels, and resistance levels. The daily moving average is like an offensive line; generally, observe for three days to a week. If you’re doing short-term trading, don’t procrastinate.

Sixth, don’t sell at highs, don’t buy at lows, stay still in sideways markets. This is a very important survival rule in the cryptocurrency world, and everyone must remember it well.

Seventh, prepare before buying, prioritize small investments. Don’t throw all your funds in at once; after all, changes in the cryptocurrency market are too fast and full of uncertainties.

Before buying, you must ask yourself four questions: Why am I buying? How do I plan to operate? What if the price drops? What should I do if I get stuck? Only when you have thought these through can you respond calmly, and then stable profits will no longer just be a dream.