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How to judge the market trend and stop profit and loss for newcomers in the cryptocurrency circleWhen judging market trends and setting stop loss and take profit, you can adopt the following strategies and methods: 1. Determine the market trend Technical Analysis: Observe the historical price trends and use technical analysis tools such as chart patterns (such as head and shoulders tops, double bottoms, etc.), trend lines, moving averages, etc. to identify potential trends and reversal points. Use technical indicators, such as the relative strength index (RSI), MACD, Bollinger Bands, etc., to assist in determining the overbought and oversold state of the market and the comparison of buying and selling forces. Fundamental analysis: Pay attention to factors that affect the market, such as macroeconomic data, policy changes, industry dynamics, and a company's financial status and profitability.

How to judge the market trend and stop profit and loss for newcomers in the cryptocurrency circle

When judging market trends and setting stop loss and take profit, you can adopt the following strategies and methods:
1. Determine the market trend
Technical Analysis:
Observe the historical price trends and use technical analysis tools such as chart patterns (such as head and shoulders tops, double bottoms, etc.), trend lines, moving averages, etc. to identify potential trends and reversal points.
Use technical indicators, such as the relative strength index (RSI), MACD, Bollinger Bands, etc., to assist in determining the overbought and oversold state of the market and the comparison of buying and selling forces.
Fundamental analysis:
Pay attention to factors that affect the market, such as macroeconomic data, policy changes, industry dynamics, and a company's financial status and profitability.
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How can a newbie lose less money? Try not to lose money?There is a saying in "The Three-Body Problem": "Weakness and ignorance are not obstacles to survival, arrogance is." So if you know that you know nothing about the trading market and are powerless, you can still find your own way to survive, but if you think you can beat the market, then your arrogance will - destroy you. Not every market needs to be participated in No one can catch every fluctuation. Make money in a market you can understand Cultivating in a Market Condition You Can’t Understand When trading, only take advantage of the entry opportunities that you are best at, the ones that do not require any brainpower and that you feel you can participate in after just one look. Don’t add unnecessary details. If you don’t have any opportunities that you are good at, then you need to continue learning.

How can a newbie lose less money? Try not to lose money?

There is a saying in "The Three-Body Problem": "Weakness and ignorance are not obstacles to survival, arrogance is." So if you know that you know nothing about the trading market and are powerless, you can still find your own way to survive, but if you think you can beat the market, then your arrogance will - destroy you.
Not every market needs to be participated in
No one can catch every fluctuation.
Make money in a market you can understand
Cultivating in a Market Condition You Can’t Understand
When trading, only take advantage of the entry opportunities that you are best at, the ones that do not require any brainpower and that you feel you can participate in after just one look. Don’t add unnecessary details. If you don’t have any opportunities that you are good at, then you need to continue learning.
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