Cryptocurrency Trading Tips

1. Be Patient During Consolidation

When the market is range-bound, do not rush to act; consolidation is often followed by a breakout.

2. Don’t Get Attached to Short-term Trends

Hot positions are often speculative; once the excitement fades, funds will withdraw. Frequently changing positions can mitigate risks.

3. Hold Steady During Acceleration

As the K-line rises slowly, with a strong opening and increased volume, the market accelerates; hold your positions and wait for returns.

4. Exit After a Huge Bullish Candle

After a large bullish candle appears, decisively exit regardless of price levels to avoid profit drawdown.

5. Moving Averages and Support/Resistance Levels are Key

Moving averages, support, and resistance levels are critical for trading; even if wrong, follow the rules.

6. Better to Enter Less Than to Overcommit

Prepare before entering; the only constant in the cryptocurrency world is change, so proceed with caution.$BTC $ETH $XRP