After years of navigating the cryptocurrency world, experiencing countless ups and downs, I have summarized my insights from these years into eight maxims to help you see through the changes in the crypto market:
1. Skillfully use the morning market: In the morning, the market sentiment is the purest. If the price drops significantly, don't panic; this could be a great opportunity to scoop up low prices. If the morning sees a strong surge, don't get greedy. Take the opportunity to sell for profit and lock in your gains.
2. Manage afternoon strategies: If there is a sudden surge in the afternoon, don't get carried away and follow the trend. Most of the time, it's just false heat, and entering at high levels can lead to losses; conversely, if there's a significant drop in the afternoon, you can remain calm, observe for a while, and look for the right low point to enter the market the next day, often yielding low-priced chips.
3. Stabilize your mindset during declines: If you wake up in the morning to see a significant drop in cryptocurrency prices, don't rush to cut losses. The market changes rapidly, and early morning volatility is often a 'smoke and mirrors' tactic; if the market is stagnant and calm, don't be anxious. It's better to take a break, conserve energy, and wait for opportunities.
4. Strictly adhere to trading rules: If the cryptocurrency you hold hasn't risen to your expected high, don't sell easily; a small profit is still a loss. If it hasn't dropped to your psychological price, don't rush to buy to avoid catching a falling knife halfway up the hill. As for the sideways phase, with chaotic trends and unclear directions, trading at this time is undoubtedly like a blind person feeling an elephant; it's better to observe from the sidelines.
5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper chips, making it a good time to enter; a bullish candle signifies a short-term upward trend, so sell high to secure your profits.
6. Reverse thinking to break through: To stand out in the cryptocurrency world, sometimes you need to do the opposite. When everyone is frantically chasing, stay calm; when panic selling occurs, be bold and dare to operate in the opposite direction, so you can find niche opportunities for wealth outside the mainstream tide.
7. Endure the agony of consolidation: When prices consolidate for a long time at high or low levels, it can be very testing. At this time, don't let anxiety push you into rash actions. Stay patient and calm, and wait until the trend becomes clear—whether it is an upward attack or a downward probe—before making your move.
8. Capture the peak: After a long period of sideways movement at high levels, once there is a renewed upward surge, don't hesitate. This is likely the last frenzy. Sell in time and secure your profits in hand; otherwise, it may slip away quickly, and the cooked duck could just fly away.
Stay close to nostalgia, analyze with precise strategies, and select carefully with millions in AI big data to keep yourself in an unbeatable position? The market never lacks opportunities; the question is whether you can seize them. By following experienced and right people, we can earn more!
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