Five Tips for Ordinary People to Turn the Tide in a Bull Market
Coin Hoarding Secrets, Applicable in Both Bull and Bear Markets
Hoarding coins tests patience. After selecting the right coins and buying in, let them sit for six months to a year. Regardless of market fluctuations during this period, one must hold firm and not waver easily. Most people fail to profit due to a lack of patience, selling when prices rise and running when they fall. The key to hoarding coins is 'endurance'.
Chasing Prices in a Bull Market, Operate Moderately
In a bull market, use a small amount of funds to trade coins ranked 20th to 100th by market capitalization. If a coin rises more than 50%, sell it and buy a coin that has dropped significantly. If you are stuck with a coin, it is easier to free yourself during a bull market, but not all coins will rise, so careful selection is required during operations.
Pyramid Buying, Stay Calm During Major Drops
When encountering a significant drop in the crypto market, you can buy in steps. For example, buy in when the coin price drops to 80%, 70%, 60%, and 50% of the original price, increasing the amount you buy as the price falls. When the market rebounds, there will be opportunities to profit.
Moving Average Operations, Skillfully Use K Lines
Observe the moving averages such as MA5, MA10, and MA20 in the K-line chart. If the coin price is above MA5 and MA10, hold your position; if MA5 falls below MA10, sell decisively; if MA5 crosses above MA10, it's a good buying opportunity.
Focus on One Coin, Hold Long-term
Carefully select a potential coin and delve deep into its project background. For example, the Musk Dog that Dao Ge recently invested in, with over 13,000 holders on the Ether chain, a market cap of 15 million, and a strong community, shows stable daily growth.