The most classic cryptocurrency trading mantra in history, memorize it and benefit for a lifetime!
1: Do not trade in sideways markets, buy on upward breakouts, and watch for downward breaks. Wait for a clear breakout signal with a significant bullish candle before entering the market.
2: Buy on pullbacks that stabilize, sell on sharp rises, and move with the trend to be a hero.
3: When a strong bullish candle appears at the bottom for the first time, hold through pullbacks without leaving long upper shadows, and firmly hold until market close.
4: Buy on bearish candles above moving averages, and buy even if wrong; sell on bullish candles below moving averages, and sell even if wrong.
5: When the 120-day moving average flattens, a bear market has arrived; when the 120-day line turns upward, buy decisively on pullbacks.
6: Reduce positions on significant declines, and a low on low volume is a bottom signal; increasing volume on recovery is key, and confirm before entering.
7: In low price ranges, hidden dangers may be lurking; complacency leads to downfall; when the evening star appears, do not become overly bullish.
8: In high price ranges, after a period of consolidation, seize the opportunity to sell; in low price ranges with new lows, it’s a good time to buy in full.
9: Anticipate three consecutive bearish candles, indicating a significant drop ahead; when three bearish stars appear, do not rush and be careful to distinguish.
10: Exiting should have good market sentiment; good news comes with expectations; selling cold after hot is a prerequisite. The market will stagnate after significant volume.
11: This year, do not buy the top coins from the last bull market; in the second half of the year, do not buy coins that have been falling throughout the first half.
12: Shorting requires bad news, and a bearish sentiment lingers. Continuous new lows with low volume indicate extreme bearishness.