Want to survive in the crypto world as a newbie? Remember these three iron rules: buy when it dips, sell when it rises, and never go All in! Those 'smart people' who chase after rising prices every day have long been left with nothing.
🔥 Three deadly traps that will blow your account:
1️⃣ Charging in when prices skyrocket? That's just giving your head to the market makers!
2️⃣ Holding onto losing trades? The crypto world specializes in making you pay for that.
3️⃣ Betting all your assets? You won't even have a chance to average down.
💥 Six practical tips, each one a lifesaver:
• High-level sideways movement often leads to new highs, while low-level sideways movement may break down.
• In a volatile market, keep your hands to yourself; acting recklessly = giving away money.
• Enter on bearish candles and exit on bullish candles; follow the trend.
• Sudden slowdowns in price action are traps; accelerate your exit when prices drop rapidly.
• Building positions in batches is your lifeline.
• After sharp rises and falls, adjustments are inevitable; be patient and wait for direction during sideways movement.
Trading in cryptocurrencies isn't about speed; it's about mindset. The more machine-like and cold you are, the more you can earn from emotional traders. Remember: the market specializes in punishing arrogance; living longer is 100 times more important than making quick money!
