1. Three Iron Rules to Help You Avoid Pits
1. Don't Chase High Prices
Are you jumping in when the market heats up? Wrong! When others are celebrating, you need to stay calm; when they are shivering, you need to seize the opportunity. Remember, seeking victory with stability is the hard truth!
2. Diversify Investments
Don't put all your assets on one coin; that's no different from gambling. If the east isn't shining, the west is bright. Diversify your investments to spread the risk, and you'll feel more secure.
3. Don't Go All In
The market is volatile; leave some room for opportunities to grab the 'big red envelope'. Keep your positions flexible for a longer journey.
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2. Six Great Tips to Help You Trade Cryptocurrencies Short-term
1. Watch the Trend
Stay put when at a high position; it may rise further. If it lingers at a low position, be careful of further declines. Wait for clear signals before taking action and move steadily!
2. Remember to Stay Put During Sideways Movement
Is the market playing hide and seek with us? Don't rush; patiently wait for it to reveal its true nature, and keep your hands steady!
3. Watch the K-line
When a bearish candle appears, it's an opportunity; when a bullish candle comes out, cash out. Follow the trend for steady happiness!
4. Watch the Rhythm
A slow decline means a slow rebound; a fast decline means a fast rebound. Understand the market pulse, and don't miss out or chase recklessly!
5. Pyramid Method
Buy in batches and take your time; don't throw everything in at once. Seeking victory with stability is the way to go!
6. Understand the Patterns
Don't rush to buy when the coin skyrockets, and don't panic sell during a crash. Sideways is a period of adjustment; wait until the direction is clear before taking action. Don't be a 'leek'; if the trend is wrong, withdraw quickly!
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