Eight Iron Rules for Survival in the Cryptocurrency World, Helping You Navigate the Battlefield

The cryptocurrency world is like a battlefield, with unpredictable changes. To establish a foothold in this turbulent arena, the following eight iron rules must be remembered.

1. Be Cautious with Averaging Down. The cryptocurrency market is full of uncertainties; once caught in a position, do not blindly panic and average down in an attempt to reduce costs and quickly break even. This approach goes against market logic and requires careful consideration.

2. Increase Investment Wisely. Do not blindly add funds before your trading system demonstrates stable profitability. Losses indicate flaws in your strategy, and adding funds at this time will only worsen the losses. Reflect and adjust first, and act only after your strategy is mature.

3. Follow the Trend. Market trends fall into three categories: rising, falling, and fluctuating. Lighten positions or stay out during declines, actively participate during rises; following the trend can increase your trading success rate.

4. Keep Trading Simple. When the chart shows K-line patterns that align with your personal trading system, act decisively. Also, manage stop-losses and position sizes to safeguard your trading.

5. Do Not Average Down on Losses. Averaging down during losses is like adding fuel to the fire, which will only lead to uncontrollable risks. Stay calm and avoid letting emotions interfere with your decisions.

6. Precise Investment Increase. Add to your position when the market breaks resistance; aggressively short when it falls below distribution zones. High-level fluctuations after a long-term rise may hold hidden meanings.

7. Avoid Impatience. Greed and desire are the greatest enemies of trading. Maintaining calm and patience is essential to standing firm in a complex and changing market.

8. Reasonable Allocation. Investing is like walking a tightrope: "Do not put all your eggs in one basket." The risks in the cryptocurrency market are unpredictable, so diversifying investments and adopting a multi-faceted approach is a prudent strategy.

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