The following are key points extracted about cryptocurrency trading:
1. Methods that seem 'foolish' but can actually be profitable in cryptocurrency trading are worth studying.
2. Three things to avoid in cryptocurrency trading:
- Do not buy when the price is high and buy when it drops to lower costs.
- Never place all your bets to avoid missing opportunities due to passive trading.
- Absolutely do not fully invest, to avoid high opportunity costs and significant losses.
3. Six practical rules for short-term cryptocurrency trading:
- After price consolidation at high and low levels, wait for a clear change in direction before acting.
- Do not trade during sideways movement; the risk is high when market direction is unclear.
- Look at the candlestick chart; buy when the daily candlestick closes bearish, sell when it closes bullish.
- A slowdown in the downtrend means a gradual rebound, while an accelerated downtrend indicates a stronger rebound.
- Use a pyramid buying method to build positions, gradually increasing purchase volume as the price drops.
- After continuous price fluctuations, there will be consolidation; do not sell everything at high positions, and do not buy everything at low positions; respond flexibly based on the change in market direction. #币安上线BMT #币安Alpha2.0