Secrets to Making Money in Cryptocurrency Trading: Wait

1. Only buy after a drop

Most losses in cryptocurrency trading occur because the price drops after buying. Not buying means you can't lose, but if you buy after a drop, you will definitely incur losses, so buying after a decline can reduce risk; the greater the drop and the longer the decline lasts, the smaller the risk.

2. Six key waiting points

1. Buy during a significant drop: Reserve funds decisively enter the market during a sharp decline, without fear of further drops, to avoid being fully invested in a downturn.

2. Sell during a significant rise: An upward trend is the right time to sell; sell small amounts during small rises and larger amounts during major rises, without trying to sell at the peak.

3. Wait for a clear trend: Make trading decisions only when moving averages are clearly arranged, and the direction of bulls and bears is evident.

4. Wait for sufficient volume: Only when trading volume effectively increases can it support ongoing price fluctuations; operations should be conducted at this time.

5. Wait for entry opportunities: Avoid sideways fluctuations; enter the market when the price breaks through resistance or effectively back-tests support levels.

6. Withdraw before good news: Sell before major positive news is released to prevent a drop after the good news is fully priced in.

Conclusion

“Waiting” is the core of cryptocurrency trading. By controlling timing and avoiding risks, and overcoming greed and impatience, one can steadily profit in the highly volatile crypto market.

Note: Cryptocurrency trading lacks regulation, and the risks are extremely high. Investments may result in complete loss; please participate with caution!