Do you know? Trading cryptocurrencies actually has clever tricks; as long as you operate simply, making big money is not impossible. Do you believe it?
Let’s get straight to the point; everyone just needs to remember the following mantra:
First, watch and wait during sideways movement, act when the trend changes. When the market situation is not very clear, do not rush; you must be patient and wait until the direction is clear before taking action, so you can be more assured.
Second, don't fall in love with hot positions; frequently change your positions. Those popular positions should not be clung to; once the heat is gone, the funds will follow. If you're slow to react, you may easily get stuck, so always keep an eye on your position and change it in a timely manner.
Third, gap up significantly, hold steady. During the upward process, if you see a high opening bullish candlestick and the volume is increasing, it indicates that the market is accelerating. At this time, you should steadily hold the coins in your hand and wait for them to continue rising.
Fourth, large bullish candlestick, exit at the end of trading. Whether at a high or low position, as long as a large bullish candlestick appears, there is a high probability that a correction will follow. Even if it hits the upper limit, you must quickly withdraw, or else the profits you have will be lost, which would be a pity.
Fifth, buy in a downtrend online, sell in an uptrend offline. Learn to look at 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, and if you're doing short-term trading, do not procrastinate.
Sixth, do not sell at highs, do not buy at lows, and do not move during sideways trading. This is a very important survival rule in the cryptocurrency world; everyone must remember it.
Seventh, prepare before buying, mainly a small amount. Do not invest all your funds at once; after all, the changes in the cryptocurrency world are too fast and full of uncertainties. Before buying, you need to ask yourself four questions: Why do I want to buy? How do I plan to operate? What should I do if the price drops? How should I respond if I get stuck? Only when you have figured these out can you respond calmly at that time, making stable profits no longer just a dream.
