There are nine things you must understand when playing in the crypto circle.
First, when there is a continuous decline during the day in the domestic market, it is often the time to buy at the bottom after the major drop, around 9:30 PM, when the external market tends to rally. Seize this opportunity to buy at the bottom.
Second, do not chase high prices when there is a significant rise during the day; there is a high probability of a pullback at night, so be cautious of the peak.
Third, the key signals for buying or selling are the spikes; the deeper the spike, the stronger the signal for buying or selling.
Fourth, when good news has been fully absorbed, it becomes bad news. Before major meetings or the release of good news, the price usually rises, but after the news is made public, it often falls.
Fifth, be cautious with community recommendations; reverse operations are safer. When the community is frantically recommending a certain cryptocurrency and talking it up, it is likely a trap. Reverse operations might be wiser.
Sixth, when something is too hot, it’s time to short. If a cryptocurrency is being speculated on too intensely, consider shorting it; the higher the heat, the greater the risk of a pullback.
Seventh, if a group member recommends a coin that you are not interested in, it might actually be an opportunity; consider trying it with a small amount of capital.
Eighth, heavy positions can lead to liquidation. When you hold a large position, the risk of liquidation is extremely high because exchanges will pay special attention to you, and large holdings can easily become the target for liquidation.
Ninth, after a stop-loss, prices will likely fall. When your short position is stopped out, the price often declines because the market will not easily end a downward trend without washing you out or triggering a liquidation.
In summary, never leverage contracts. Also, do not rush to the top; in life, everything can start anew. Do not be overly greedy, hold onto your golden cryptocurrencies in spot trading, maintain a good mindset; slow is fast, and fast is slow. The highest realm of trading is to have crypto in your heart, simple and pure.
Keep close to Jidong, use precise strategy analysis, select from massive AI big data investments of millions, and position yourself to be invincible? The market has never lacked opportunities; the question is whether you can seize them. Only by following experienced and right people can we earn more!
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