Nine Iron Rules for Survival in the Cryptocurrency World
Morning Sets Life and Death
The morning market is the most genuine! If the market crashes at the opening, don't panic and sell at a loss; it could very well be a bottom-buying opportunity. If the market surges at the opening, sell quickly; there’s a 80-90% chance it will retrace.
Afternoon Beware of Tricks
A sudden rise in the afternoon is often a fake move; chasing highs will likely get you trapped! If there’s a crash in the afternoon, don’t be afraid; look for a low point the next day to jump back in.
Don't Get Too Excited During a Crash
If there’s a flash crash in the morning, don’t impulsively sell! The market changes faster than you can flip a page; just relax and wait for recovery.
Three Principles of Trading
Don’t sell until it reaches the target price! Don’t buy until it hits your psychological price! Stay still during consolidation; don’t make unnecessary moves!
Yin-Yang Line Strategy
Boldly accumulate during a bearish line, decisively sell during a bullish line; eat and drink well by following the trend.
Counterintuitive Operations
When retail investors are crazy, you stay calm; when they panic, you take action; doing the opposite can lead to big profits.
Consolidation Training Technique
The consolidation period is the most testing! Wait until the trend is clear before taking action; don’t be led by the intraday chart.
Escape Technique After a Surge
If the market continues to rise after a high-level consolidation, this is the final madness! Take profits and secure your gains.
Ultimate Mentality
The cryptocurrency world is a battleground; survival relies on three words: Steady (don’t act impulsively), Accurate (hit the right point), and Ruthless (cut losses when necessary)!
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