Don't be greedy in trading cryptocurrencies; keep these pieces of advice in mind, and you'll navigate the crypto world without issues!
First: Don't buy more to recover losses just to make big profits, but to minimize losses. If you're trapped, don't think about recovering through rebounds; that will only create more trouble. Buying more is to reduce losses; don't let temporary entrapment cloud your judgment.
Second: Calm markets hide risks; don't be fooled by stability. The market can change at any moment; one day it could suddenly shift. Remember, after a big rise, there must be a correction. Pay attention to the K-line forming triangles; if it rises too much, a correction is inevitable; don't get trapped at high levels.
Third: The timing of buying is crucial; buy on bearish candles and sell on bullish candles. When others panic, be brave and buy; when others are euphoric, decisively sell. Experts operate against the market trends, avoiding chasing rises and panic selling.
Don't sell on the rise, don't buy on the dip; don't act during sideways movements. Focus on resistance and support levels to have a solid foundation in your mind.
Fourth: Over-leveraging is a big taboo; flexibility is key. The cryptocurrency market changes quickly; position management is the way to success; being flexible in response is how to thrive.
Fifth: Mindset is very important; greed and fear are your worst enemies. Chasing rises and cutting losses will only lead to greater losses; maintaining calmness is essential for standing firm in the market. #山寨季來了?