There is a 'foolproof method' hidden in cryptocurrency trading.
It may seem unremarkable, but it can steadily capture most of the profits, and the key lies in gradually understanding the logic.
To do this well, first remember three things you absolutely must not do:
1️⃣ Don't chase high prices—real opportunities arise during down cycles. Have the courage to position yourself when fear pervades the market, and maintain calm when everyone is euphoric, cultivating the instinct to 'buy when prices drop.'
2️⃣ Don't place random large orders—placing large orders can make funds passive, lose flexibility, and miss adjustment opportunities.
3️⃣ Don't go all in—being fully invested leaves no room to respond to fluctuations and will cause you to miss the endless new opportunities in the market. The opportunity cost is far more valuable than short-term gains.
Next, here are six practical tips for short-term trading:
After a high-level consolidation, there is often another surge; after a low-level consolidation, new lows are often explored, so be patient and wait for the breakout direction before taking action.
Don't trade recklessly during a consolidation phase; this is the reason why most people lose money.
Buy on dips when the daily candlestick closes down, and sell on uptrends when it closes up.
As the pace of decline slows down, rebounds also slow; if the decline suddenly accelerates, the rebound is often more vigorous.
Use the pyramid method for building positions, which is always effective in value investing.
After a certain cryptocurrency has a continuous rise and fall, it will inevitably consolidate; promptly liquidate at high levels and buy in batches at low levels.
If you feel confused about trading and don't know how to start, and want to master more valuable insights and cutting-edge information in the crypto world, follow Hua Ge to avoid detours and achieve more stable profits.
