I know a crypto veteran who entered the market ten years ago with 100,000 and now has 42 million. One day he got drunk and opened up to me: "This place is full of followers; if you can keep your emotions in check, the market is your ATM!"
In the crypto world, your trading methods are your livelihood. The following tips are hard-earned lessons, so keep them close!
Entry Mantra: New players should practice their skills before charging in blindly.
Sideways Strategy: In a low position sideways, play aggressively; boldly buy the dip without urging caution. In a high position sideways, if it continues to rise, exit quickly without being stubborn.
Volatility Tips: Sell when it soars high, buy at rock-bottom prices; lie flat during sideways markets, and take care during wild swings. Sideways is like squatting; endure until it takes off; be alert during rocket launches, take profits and don’t show off; average down during slow losses, and enter in batches without panic.
Trading Timing: Don't sell at the top, don't buy at the bottom; during sideways markets, just hold still. Buy on down days, sell on up days; counter-trend operations are the most profitable. Be bold to buy during early morning crashes, quickly exit during early morning surges; do not chase during afternoon surges, and wait for tomorrow after afternoon drops; during large morning drops, don’t cut losses; rest during sideways fluctuations; if stuck, average down to preserve cost, being overly greedy can lead to losses.
Risk Warning: Sharks hide beneath calm waters, a big rise will always be followed by a correction; K-line triangles signal a change, understand support and resistance clearly. Operating with a full position is risky, holding on stubbornly can lead to losses; the market is unpredictable, know when to take profits, and manage your entry and exit wisely to preserve wealth.
Trading coins is about mindset; being overly cautious is deadly; chasing highs and cutting losses is futile, staying calm is the key to winning.
Learn a few practical strategies, whether you're a rookie or an old hand:
In a fluctuating market, short the highs and long the lows, making profit on the swings. Utilize Bollinger Bands and box strategies creatively, and don't be greedy in short trades.
Don’t hesitate when breaking out of a consolidation; if you hold back too long, you'll go crazy, follow the trend and make a big score. But hone your vision, and do not become a bag holder.
In a unilateral market, follow the trend, the smartest move is to buy on the pullback. K-line, moving average, and Bollinger Bands are indicators you must master.
Look at key support and resistance levels, act when you reach them, pay attention to trend lines, moving averages, and Bollinger Bands, and don't dismiss parabolic indicators.
Catch rebounds during wild fluctuations; short-term opportunities arise daily, K-line patterns are key, and good market feel enables accurate trades.
Play short-term in early or late sessions; early morning carries higher risk; if your skills aren't up to par, don't overreach; be steady and make money.
The market is deep and not a joke; you can't profit just by flipping coins. To survive in the crypto world, keep an eye on the news, study project fundamentals, don't neglect technical analysis, and maintain strong psychological resilience. The ups and downs are nothing to fret over; those who survive are the real players.
Three Major Survival Rules:
Rule 1: Never go all in, a 50% position is the most relaxed, it allows for offense and defense, going all in can lead to a crash before you can react.
Rule 2: Take half off after doubling or tripling, slowly follow the lead, keep some base capital to prevent missing out, and the main force will smile when prices rise.
Rule 3: Don't get carried away in a frenzied market, sell in batches and don't rush, account numbers are illusions, securing profits is what matters.
Three Major Pitfall Avoidance Guides:
Guide 1: Don't send money to scam platforms; large funds should go to reputable exchanges; Binance and Huobi are relatively stable, while shady platforms can lead to total loss.
Guide 2: Carefully analyze ICO projects, not every project is viable, nine out of ten bets will lose, don't be complacent, if it goes wrong, consider it tuition.
Guide 3: Avoid overly volatile actions in a bear market; stay observant for opportunities, and invest in leading projects long-term; build positions in batches and don't go all in. Keep your position size reasonable; a half position is the safest, allowing for strategies in both up and down markets. Averaging down and having stop-loss plans is crucial; trading coins is all about making money, and lack of preparation leads to losses.
Three Major Money-Making Treasures:
Treasure 1: First look at the gainers list to find strong coins, run fast from those that have dropped for three consecutive days, if the main force has withdrawn, there's no profit.
Treasure 2: The monthly MACD golden cross is the most reliable, the upward trend is undeniable, the 60-day moving average on the daily chart is crucial, and if the price touches the line with increasing volume, then go for it.
Treasure 3: If it drops below the 60-day moving average, exit quickly; don't fantasize about rebounds, preserving capital is paramount. Don't regret selling; there are plenty of opportunities. Remember: making money in crypto relies on execution, especially running when lines are broken; those who can do this are winners.
Step 1: Focus on the gainers list to pick good coins, stay clear of those that have fallen continuously and avoid markets without action.
Step 2: The monthly MACD golden cross moves upward, only act when the trend is right.
Step 3: When the daily chart pulls back to the 60-day moving average, a K-line with increasing volume is the signal, load up heavily and wait for takeoff.
Step 4: Keep a steady grip on the 60-day moving average, hold stocks above the line and clear below, run immediately if it breaks, don't hesitate.
Three Key Survival Tips:
Sell one-third when it rises 30%, sell another third at 50%, and sell all if it breaks the 60-day moving average. Don't always think about rebounds; in a bear market, preserving capital is crucial. If you sell and it meets the conditions again, then re-enter.
Remember: the crypto world isn't an amusement park; taking it seriously is the way to profit. Don't always think about getting rich quickly; steady and measured approaches are key.
Stay close to experts, use precise strategies for analysis, select with large amounts of AI big data investment, and position yourself in an unbeatable place. The market never lacks opportunities; the question is whether you can seize them. By following experienced people and the right crowd, we can earn more!
Daily Focus: OM SUI SOL FUN BTC
