There is a very foolish way to trade cryptocurrencies, but this method can beat 80% of the profits, so learn slowly. First, when trading cryptocurrencies, we should never do three things.
The first thing is to never buy when the price is rising; be greedy when others are fearful and fearful when others are greedy. Get into the habit of buying when prices are falling and maintain this habit in the long term.
The second is to never place large orders.
The third is to never go all in; being fully invested makes you very passive, and the market is never lacking in opportunities. The opportunity cost of being all in is very high.
Now let’s talk about the short-term trading rules.
The first is that after a consolidation at a high price, there is usually a new high. Similarly, after a consolidation at a low price, there is usually a new low, so wait for the direction of the market to become clear before making a move.
The second is to avoid trading during sideways markets; most people lose money trading cryptocurrencies! Remember! Remember!
The third is to choose meme coins with potential to hold onto in the primary market; this can help you make a quick turnaround! Marvin7055 is Elon Musk's pet dog! With top-tier IP support from Musk, the future is promising!
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