After more than ten years of trading cryptocurrencies, I earned 20 million. Let's talk about my experience!
There’s a simple but particularly effective method for trading cryptocurrencies. If you want to learn this, you need to patiently research and remember the three areas you must absolutely avoid:
First, don’t chase the price. When everyone is rushing to buy, you need to take it easy; when everyone is scared, you can be bolder. Get used to buying when prices are low.
Second, don’t stubbornly stick to a single trade. Be flexible; don’t tie yourself down to a particular transaction.
Third, don’t go all in. Going all in will leave you immobilized; there are plenty of opportunities in the market, and going all in means missing out on others.
Now let’s talk about a few tips for short-term trading:
When the price rises to a certain extent, it may continue to rise; when the price falls to a certain extent, it may continue to fall. Don’t rush, wait until the direction is clear before taking action.
If the price isn’t moving, don’t fidget unnecessarily. This is the simplest point, but many people just can’t do it, resulting in losses.
Look at the candlestick chart: buy when it’s a bearish candle and sell when it’s a bullish candle. If the price drops slowly, the rebound will also be slow; if it drops quickly, the rebound will be quick.
Building a position should be like a pyramid, layer by layer; this is a time-tested principle that guarantees profit.
After the price has been rising or falling for a while, it will eventually pause. At this time, don’t rush to go all in or out. Because after resting, it will change, so wait for the right direction to take action.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. An expected growth of more than 10 times is not a problem. If you want to make big money in a bull market, like and leave a comment, and I will help you layout the entire bull market!