Looking at the current crypto market, I can’t stand seeing others lose money. Today, I've decided to share the experiences I've summarized over the years on how I transformed from Xiaohan to Sister Han, how I survived in this market, and how to remain undefeated. At least this can help you avoid years of detours, and what you learn can turn your losses into wins! 👇
💎 Do not chase prices: Never buy when the price is skyrocketing. Instead, go against the trend. When the market is in panic and others are scared, buy boldly when prices are dropping. Buy when no one cares, and when others are cutting their losses, implement the trading strategy of 'When others are fearful, I am greedy; when others are greedy, I am fearful!'
💎 Do not go all in: Going all in makes us extremely passive during market fluctuations. If you develop the habit of going all in, you will miss many opportunities. There are many opportunities in the crypto world, but our capital is limited. It’s not that the crypto world lacks opportunities; rather, it’s about capital and patience!
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Be brave to enter the market when prices are falling; after the market improves, you will naturally profit!
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The current pattern in the crypto world will only lead you to lose badly!
Still, the same saying: Focus on short-term trading until Bitcoin breaks 98k!
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Share six major short-term trading secrets for cryptocurrency:
1 💎 Grasp the direction after consolidation: After prices consolidate at a high level, there is a high probability they will reach new highs again; after consolidating at a low level, they often reach new lows. Therefore, wait for the consolidation to end and the direction to become clear before taking action!
2 💎 Do not trade during sideways movement: Many traders incur losses during sideways phases due to frequent trading. It’s best to stay put when prices are sideways!
3 💎 Buy and sell based on real-time candlestick patterns: Buy when the daily candlestick closes bullish, as there is a good chance it will continue bullish. Sell when the daily candlestick closes bearish, otherwise, you may get stuck in losses!
4 💎 Pay attention to the rhythm of declines and rebounds: When prices are gradually declining, we call it a downtrend, and rebounds are generally difficult. When prices drop rapidly, once they stabilize, the rebound strength will be significant!
5 💎 Enter the market in batches: Why do we need to build our position in batches? Here, I want to emphasize that even the best cannot guarantee that they will always catch the absolute bottom price. By entering in batches, we can significantly lower our average cost!
6 💎 The best selling method: When the price of cryptocurrency continues to rise after a breakout, do not rush to sell everything. When the price enters a sideways state within a certain range, that’s the time to choose a direction again. Should we continue to rise or sell off? Set a take-profit point slightly below the price, and this way, you won’t miss out on more significant profits later on!