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链上行者-
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Five years of cryptocurrency trading journey, gaining twenty million insights!
In the world of cryptocurrency trading, there is a seemingly clumsy yet effective strategy. Mastering it requires time and practice, and there are three golden rules to always keep in mind:
Avoid chasing highs: Stay calm when market sentiment is high and look for opportunities when everyone is in panic. Get used to buying on dips during downturns.
Be flexible and avoid heavy positions: Maintain flexibility in trading; do not be bound by a single position, and adjust flexibly to cope with the ever-changing market.
Avoid full position trading: A full position means high risk and low flexibility. There are many opportunities in the market, and the opportunity cost of a full position is simply too high.
Next, here are six short-term trading tips:
After consolidating at a high, a new high can be expected; after consolidating at a low, a new low is hard to escape: When the price is consolidated for a long time at high or low levels, it often leads to a new breakout direction. Patiently wait for a signal to change before taking action.
During sideways trading, watch the changes: This is the simplest principle in trading, but also the hardest to practice. Avoid frequent trading during sideways periods, as this is the root cause of losses for many traders.
Buy on bearish candlesticks, sell on bullish candlesticks: Consider buying when the daily candlestick closes bearish, and consider selling when it closes bullish. The speed of decline determines the strength of the rebound; slow declines lead to slow rebounds, while fast declines lead to quick bounces.
Pyramid-style position building: This is a classic rule in value investing and is equally applicable to cryptocurrency trading.
Before and after a trend change, adjust strategies: After a sustained rise or fall in price, it often enters a period of sideways consolidation.
At this time, it is not advisable to sell heavily at high levels or buy heavily at low levels, as a trend change could happen at any moment. Flexibly adjust strategies according to market trends to ensure steady progress in the journey of trading cryptocurrencies.
How to operate in a bull market? Click on the profile picture to enter the live chat.
In the world of cryptocurrency trading, there is a seemingly clumsy yet effective strategy. Mastering it requires time and practice, and there are three golden rules to always keep in mind:
Avoid chasing highs: Stay calm when market sentiment is high and look for opportunities when everyone is in panic. Get used to buying on dips during downturns.
Be flexible and avoid heavy positions: Maintain flexibility in trading; do not be bound by a single position, and adjust flexibly to cope with the ever-changing market.
Avoid full position trading: A full position means high risk and low flexibility. There are many opportunities in the market, and the opportunity cost of a full position is simply too high.
Next, here are six short-term trading tips:
After consolidating at a high, a new high can be expected; after consolidating at a low, a new low is hard to escape: When the price is consolidated for a long time at high or low levels, it often leads to a new breakout direction. Patiently wait for a signal to change before taking action.
During sideways trading, watch the changes: This is the simplest principle in trading, but also the hardest to practice. Avoid frequent trading during sideways periods, as this is the root cause of losses for many traders.
Buy on bearish candlesticks, sell on bullish candlesticks: Consider buying when the daily candlestick closes bearish, and consider selling when it closes bullish. The speed of decline determines the strength of the rebound; slow declines lead to slow rebounds, while fast declines lead to quick bounces.
Pyramid-style position building: This is a classic rule in value investing and is equally applicable to cryptocurrency trading.
Before and after a trend change, adjust strategies: After a sustained rise or fall in price, it often enters a period of sideways consolidation.
At this time, it is not advisable to sell heavily at high levels or buy heavily at low levels, as a trend change could happen at any moment. Flexibly adjust strategies according to market trends to ensure steady progress in the journey of trading cryptocurrencies.
How to operate in a bull market? Click on the profile picture to enter the live chat.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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