This trading secret might save your trading career!
Attention, beginner cryptocurrency traders! There’s a secret I want to share with you.
Many traders think it’s unnecessary to watch for low buys and high sells every day; trading once every few minutes or hours is fine too. This is true, but be careful not to overtrade. If you hastily make a move without checking the highest and lowest prices of the day, you might end up trading twenty to thirty times in a single day, which is not good for beginners.
So what should you do? We have a simple secret: just check the highest and lowest prices every day. Remember, at 11 AM Eastern Time, the market often likes to reverse sharply. When the market stabilizes, the volatility decreases, and the price oscillates between the highest and lowest prices.
Therefore, if the price is moving in one direction before 11 AM, it is likely to continue in that direction until the next 11 AM. If it doesn’t move, then there probably won’t be a reversal that day. So, looking at the daily highest and lowest prices and finding the right entry point is very important.
These tips are for those friends who are struggling in the cryptocurrency market and are unfamiliar with the trends; I hope they can help you.
Don’t be blinded by short-term fluctuations. Sister Qi teaches you to set goals, advance step by step, and witness your wealth explode with a smile! Follow Sister Qi to take you from confusion to freedom!
