In a market where both bulls and bears are in a stalemate, it is very difficult to survive without a skill. Below are some practical tips compiled by Zi He. Memorize them and benefit for a lifetime!
1. Do not trade during sideways movement; buy on upward breakouts and watch for downward breakouts. Only wait for a clear breakout signal with a significant bullish candle to find good entry opportunities.
2. Buy on pullbacks when the market stabilizes, and sell on sharp upward surges. Moving with the trend is the way of a hero.
3. After a strong bullish candle at the bottom for the first time, if it pulls back without leaving a long upper shadow, hold onto your position until the market closes.
4. Buy on bearish candles at the moving average; even if you buy incorrectly, you must still buy; sell on bullish candles below the moving average; even if you sell incorrectly, you must still sell.
5. When the 120-day moving average flattens, a bear market has arrived; if the 120-day line turns upward, buy decisively on the pullbacks.
6. If there is a volume increase with a price drop, reduce your position; a low volume new low signals a bottom; an increase in volume during a recovery is key, and confirm before entering.
7. Low-level hovering hides danger, and complacency leads to a slide; when the evening star reaches its peak, never hold onto long positions blindly.
8. After high-level sideways movement, if the price surges again, seize the opportunity to sell quickly; if there’s low-level sideways movement with a new low, it’s a good time to buy in fully.
9. Anticipate a three consecutive bearish candles indicating a significant drop; if you see three bearish stars, don't rush; be careful to distinguish clearly.
10. Selling should be based on good market sentiment; favorable news is followed by expectations; selling cold and buying hot is the premise. A volume surge during a stagnant market indicates the end of the trend.
11. This year, do not buy bull coins from the last bull market; in the second half of the year, do not buy coins that have been consistently dropping in the first half.
12. Shorting requires bad news; the market is sluggish when it is well washed. Continuous new lows with low volume indicate the extreme of bearish sentiment.
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