A super stable and foolproof method for trading cryptocurrency that guarantees you’ll make a profit without losses!
When trading cryptocurrencies, there’s a particularly foolish but stable method that can help you grasp all the profits; you have to ponder it slowly. There are three things you must never do when trading cryptocurrencies.
The first thing is to not buy when the price is rising; you need to learn to buy boldly when others are scared to death, and be cautious when others are scrambling to buy. Get into the habit of buying during a downturn.
The second thing is to not put all your eggs in one basket.
The third thing is to not operate with a full position; if you're fully invested, you become passive. There are plenty of opportunities in the market, and being fully invested increases your opportunity cost.
Now let's talk about a few tips for short-term cryptocurrency trading:
The first point is to not rush to buy when the price is high; it might rise a little more. Likewise, don’t rush to sell when the price is low; it might drop a bit more. You need to wait until the direction is clear before taking action.
The second point is to not trade during sideways movement; if you can’t manage this, many people will lose money trading cryptocurrencies.
The third point is to look at the candlestick chart; when there's a bearish candle, try to buy in, and when there's a bullish candle, consider selling.
The fourth point is that if the price drops slowly, the rebound will also be slow; if it drops quickly, the rebound will be vigorous.
The fifth point is to build positions in a pyramid manner; this is an old rule of value investing.
The sixth point is that if a cryptocurrency rises sharply or falls dramatically, it will definitely move sideways for a while afterwards. At this time, don’t sell everything at the peak, and don’t buy everything at the low. After the sideways movement, there will be a trend change; if it falls from a high point, you need to quickly liquidate your position.
For the next layout direction, I will guide everyone to target high-profit opportunities, especially those projects with great potential; an expected growth of over 10 times is definitely possible, and I will help you position yourself for the entire bull market!