I have been involved in the cryptocurrency market for over ten years. Once upon a time, the mere mention of Bitcoin filled me with dread. But now, I can rely on trading in the cryptocurrency market to support my family. Below are the insights I have accumulated through countless practices, hoping to provide some valuable references for those who come after me, helping them avoid the detours I have taken.

When market enthusiasm is high and coin prices continue to rise, we should have the courage to increase our positions, just as when driving onto a highway, we should accelerate when road conditions are good, allowing our funds to achieve greater appreciation.

Before entering the cryptocurrency market, it is crucial to find a solid support point, just as building a house requires a good foundation. For short-term traders, the ten-day moving average is an important reference indicator. Once the ten-day line is broken and not promptly recovered, one should decisively exit the market to avoid further losses.

When coin prices are low, if trading volume significantly increases while the price rises only slightly, and then the price retraces without breaking the previous platform, this is often an excellent buying opportunity. This usually indicates that the main funds are secretly accumulating, and the price retracement is a signal that they have confirmed their accumulation.

If unfortunate enough to be stuck, do not get overly entangled in your buying cost. When the price rebounds, one should seize the opportunity to sell, and buy again after the price falls, instead of stubbornly waiting for the price to return to the original before selling.

In the cryptocurrency market, we should focus on those coins with great potential for significant rises. Although their price fluctuations are large, they often still have upward space after retracement. If a certain coin frequently experiences large increases, and the retracement does not exceed 30%, this is a good opportunity to enter, as there may be even greater market movements awaiting us.

Finally, trading cryptocurrencies requires determination and patience. For the coins we are optimistic about, as long as they do not break key support levels, we should patiently wait. Do not be swayed by the rapid short-term rises of other coins, leading to the sale of our quality assets. This could ultimately result in gaining nothing, and even facing the risk of losses.