Ten-year veteran investors have summarized eight key points for trading cryptocurrencies;
1. Remember not to sell when the price of a coin starts to rise,
and not to buy when the price of a coin starts to fall.
2. Remember that the longer a strong coin is sideways,
the higher the future increase may be.
This requires distinguishing whether the price of a coin is low or high.
3. If the increase of a coin has doubled within a week when you open the weekly chart,
then it is best to exclude this coin.
4. Remember that the most important thing in the currency circle is:
patience and waiting.
5. If a coin has good news or is continuously reported by major media,
then it is best not to buy this coin.
6. Buy when the price of a coin suddenly rises and then falls sharply,
not at a high price.
7. If the currency continues to rise but the trading volume decreases, you should sell it.
If a coin continues to fall but the trading volume decreases, you should also sell it.
8. Try to reduce the time you spend watching the market and read more current news.
If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click on the avatar to follow the sponge, which publishes market analysis and recommends high-quality potential currencies every day.