A must-read for beginners! The seven iron laws of the cryptocurrency circle help you make steady investments
It is very important to master some basic iron laws when trading in the cryptocurrency circle. The following are seven iron laws of the cryptocurrency circle to help you better grasp market dynamics and make steady investments.
First, when you find that a strong currency has fallen for nine consecutive days at a high level, this is often a good opportunity to buy. Follow up in time and you may be able to catch a rebound.
Second, for any currency, if it has risen for two consecutive days, then you may need to consider reducing your position at the right time. Excessive pursuit of growth often leads to the dilemma of being stuck at a high position.
Third, if a currency rises by more than 7% in a short period of time, there is often a certain amount of room for rising on the second day, and you can seize the opportunity to earn a few more points.
Fourth, for strong bull currencies, don't rush to buy easily during the callback process. Wait patiently for the callback to end, and then buy on dips, so that the risk will be smaller and the return will be more considerable.
Fifth, if you find that a currency has not fluctuated for three consecutive days, you can observe it for another three days. If there is still no obvious change, then you may consider changing to other investment opportunities.
Sixth, for any currency, if you don’t make the cost price of the previous day on the second day, then you should consider exiting in time. Avoid falling into greater losses due to greed.
Finally, the performance on the gain list often has certain rules to follow. If a currency has risen for two consecutive days, then buying on dips may be a good choice. The fifth day is often a better selling point, and you can stop profit in time.
In the bull market, you need a high-quality qzi. If you don’t know how to operate and are still confused, everyone is welcome to join! Please like, follow, forward, and leave a message!