Having navigated the cryptocurrency space for many years, I have accumulated some practical trading strategies. The following phrases are the crystallization of my personal combat experience.
Entry strategies
Testing the waters in the crypto market, prepare to take the lead; enter steadily, refuse to rush.
Sideways movement section
Low-range sideways movement creates new lows; now is the right time to accumulate heavily. High-range sideways movement that rises again; sell decisively without hesitation.
Volatility section
Sell at highs, buy at dips; observe during sideways movement, reduce trading.
Sideways movement means a sideways substitute for a drop; hold tight to your assets, as a surge may happen at any moment. During a rapid rise, beware of a sharp drop and be ready to secure profits at any time. A slow decline is an excellent opportunity for gradual accumulation.
Timing for buying and selling section
Don't sell when prices rise; don't buy when prices fall; don't trade during sideways movement.
Buy on bearish candles, sell on bullish candles; operate counter to the trend to stand out.
Buy during a significant morning drop, sell during a significant morning rise; don’t chase highs during an afternoon rise, buy the next day after an afternoon drop; don’t cut losses during a morning drop, and if prices are stable, rest; accumulate to recover losses, excessive greed is not advisable.
Risk Awareness Section
A calm lake may suddenly have high waves; there may be large waves ahead. After a big rise, there will definitely be a pullback; the K-line shows a triangle over several days.
In an upward trend, look for support; in a downward trend, look for resistance.
Full position trading is a big taboo; acting on impulse is not advisable. When facing uncertainty, know when to stop and seize the right opportunities to enter and exit.
Trading cryptocurrencies is essentially about managing emotions; greed and fear are the biggest enemies. Be cautious when chasing highs and cutting losses; a calm mind leads to peace.
In addition to key phrases, I have compiled several extremely practical trading methods. Whether you are a novice or a seasoned player, you can benefit from them.
Fluctuation trading method
Most market conditions are in a fluctuating pattern. Utilizing high sell and low buy within a range is the foundation for stable profits. Use the BOLL indicator and box theory, combined with technical indicators and patterns to identify resistance and support levels. Follow short-term trading principles and avoid greed.
Breakout trading method
After a long period of consolidation, the market will choose a direction. Entering after a trend change can yield quick profits. However, one must possess precise judgment abilities for trend changes and maintain a steady mindset, avoiding greed and fear.
Unidirectional trend trading method
After breaking through the market range, a unidirectional trend will form; trading in the direction of the trend is key to profit. Enter during pullbacks or rebounds, referencing K-lines, moving averages, BOLL, trend lines, etc. Mastery of these tools allows for ease of trading.
Resistance and support trading method
When the market encounters key resistance and support levels, it often faces resistance or gains support; entering at this time is a common strategy. Use trend lines, moving averages, Bollinger Bands, parabolic indicators, etc., to accurately assess resistance and support levels.
Pullback and rebound trading method
After significant rises or falls, there will be a brief pullback or rebound; seize the opportunity to profit easily. The main basis is K-line patterns; good market sense can help you accurately grasp highs and lows.
Time-based trading method
Morning and afternoon sessions have low volatility, suitable for conservative investors. Although the time for profit is long, market conditions are easier to grasp. Evening and early morning sessions have high volatility, suitable for aggressive investors. Quick profits are possible but difficult, requiring strict technical and judgment skills.
I hope these experiences and insights will be helpful to you. Remember, in the crypto world, the most important thing is to maintain a calm mindset and rigorous trading discipline. May you achieve success in your future investments.
Having navigated the market for many years, I am well-versed in its opportunities and traps. If your investments are not going well and you feel dissatisfied with losses, leave a comment with 999⑤ often stays!!
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