Trading cryptocurrencies is about trading trends, a bull market has many upward trends, and pullbacks are opportunities!
A few days ago, the market washed out many speculative retail investors, and the chasing high retail investors have become the fuel for the bull market. As long as you can read the charts, the big players can't do anything to you. This chart shares key trend lines; the support of the trend line is a crucial entry point in an upward trend.
Here are a few tips to avoid missing out:
1. An upward trend is formed and will not be easily broken. Each time it pulls back to the trend line is an opportunity to get on board, so be bold.
2. The momentum during the upward process is a sustainable method. Staying away from the trend line indicates higher risk, and the profits above are also smaller. Don't chase the market just because of a feeling; your feeling that it will rise is an illusion created by the big players. Chasing highs will lead to losses.
3. Go with the trend; trading cryptocurrencies is about trading trends. When the trend is bullish, the entry points are also very important. If you buy at 60,000 and someone else buys at 100,000, the risk is very different. So, seize every opportunity when the price pulls back to the key points of the trend line; that is the time to lay in wait.
4. As long as you don't chase highs, retail investors can become big players. We are currently in a very good mid-phase of a bull market, not yet at the stage of a massive explosion. At this time, manage your positions well, allocate your account funds appropriately, and in the next six months, it’s not a problem for your account to conservatively triple or quintuple.
I am Chang Jiang, good at naked K charts, I love you just as I love myself ❤️