Keep the following 6 points in mind during the trading process to help you avoid detours

1️⃣ Patiently wait for consolidation opportunities

When the market is sideways, do not operate blindly. Consolidation is often a prelude to a trend change, so patiently wait for the best timing.

2️⃣ Hot short positions, take profits when they appear

Hot positions are often driven by speculative funds, and when the heat dissipates, the funds will quickly withdraw. Timely adjust your positions to reduce risks and avoid greed.

3️⃣ Hold steady during accelerating markets

When the K-line slowly rises, and a high-opening bullish candle appears with increasing volume, it indicates that the market is entering an acceleration phase. Hold firmly and wait for maximum returns.

4️⃣ Decisively exit after a massive bullish candle

Regardless of whether at a high or low position, when a massive bullish candle appears, one should quickly take profits to avoid shrinking profits due to pullbacks.

5️⃣ Pay attention to moving averages, precise layout

The support and resistance levels of moving averages are key buy and sell points. Regardless of how the market develops, strict adherence to rules is essential; if wrong, decisively cut losses.

6️⃣ Better to invest less than too much; entry requires caution

The cryptocurrency market changes rapidly; be sure to prepare adequately before operating. It is better to reduce investment than to easily increase positions to lower risks.