(Continued)
9) Crypto is easily manipulated by the media. Read the news every day, on influential newspapers, at least Bloomberg and CNBC. If it is the sound of birds singing, it signals that the market will be green that day, especially those that are called will continue to be green. If the rhythm is the sound of trumpets and drums, be very careful. If the bad melody lasts for more than a day, take profits and wait for a sharp decline.
10) Keep a calendar of events that can affect the general market or the coins you are investing in.
11) Join small groups of experienced crypto traders and share activities. The number of people is about 10-20 people. If it is a good group, you will receive timely information sharing and useful analysis. When the market is down, you will also receive spiritual sharing and avoid unwise decisions. )
12) Learn more about technical analysis, it is quite correct when the market is in a normal state (not over-hype or over-panic). The most reliable indicator is RSI, if RSI is high, it signals overbought, there is about to be a correction down, you should consider selling. If RSI is low, it signals oversold, it signals about to go up, you can buy.
13) Learn deeply about some coins, among them, choose the coin that you love, maybe because you trust the founder, like its vision, like its technology. When you invest in a coin that you love, you tend to learn more about it, helping you make better decisions. You will also avoid giving up and not coming back while it can bounce higher.