How can you avoid losses when speculating in cryptocurrencies? Novices must remember these 6 rules! It will help you avoid detours.
1. When speculating in cryptocurrencies, focus on the strong ones. If you are not sure, look at the 60-day line. If you enter or add to the online market, you will withdraw if you are offline. This trick works most of the time.
2. For those that have risen by more than 50% at once, don't rush to chase them, as it is easy to panic. It is still stable to buy at a low position, with low risks and the profit may be even greater.
3. There are signals before a big rise, such as small price fluctuations of 10% to 20%, but the trading volume is small. At this time, buy slowly at a low position, and you will probably be able to catch a ride.
4. When a new hot spot in the market comes out, it will definitely be hot in the first few days. Seize this opportunity, follow the big funds, and make money easily.
5. When a bear market comes, keep your hands under control and don't move for at least half a year. If the market is bad, do less operations. Only those who know how to rest are masters.
6. You have to look back every week, not to see if you have made money, but to see if the strategy is right. Persist when you are right and correct when you are wrong. After a few months, your cryptocurrency trading path will be stable. Remember, success does not fall from the sky, but comes to those who are prepared.
The trend of the cryptocurrency circle is full of uncertainty and challenges, but it also contains potential opportunities. When participating in cryptocurrency investment, investors should fully understand the relevant risks, remain calm and rational, and respond to market changes with a steady strategy!
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