There is a very foolish method of trading cryptocurrencies that almost guarantees 100% profit, summarized in eight key phrases.
1. Skillfully use the morning market: In the morning, the sentiment in the cryptocurrency market is at its purest. If the price sharply drops, don’t panic; this might be a good opportunity to 'scoop up' at a low price. If the price soars in the morning, don’t be greedy; take the chance to sell for profit and lock in your gains.
2. Grasp the afternoon strategy: If there is a sudden surge in the afternoon, don’t be impulsively swept away by the trend; it is often just a bubble, and buying at a high can lead to losses. Conversely, if there is a significant drop in the afternoon, stay calm, wait and observe, and look for a low point the next day to enter, often leading to acquiring low-priced assets. $XRP
3. Maintain composure during declines: If you wake up to see a significant drop in cryptocurrency prices, don’t rush to cut losses. The market changes rapidly, and morning fluctuations are often a form of 'smoke and mirrors'; if the market is stagnant with no fluctuations, don’t be anxious, take a break, conserve your energy, and wait for opportunities. $ETH
4. Strictly adhere to trading principles: If the cryptocurrencies you hold haven't reached your expected high, don’t easily sell; earning less is still a loss. If the price hasn’t dropped to your psychological threshold, hold back on buying to avoid catching a falling knife. During sideways trading, when the trend is chaotic and direction unclear, trading is undoubtedly akin to a blind person trying to describe an elephant, so it's better to observe from the sidelines. $BTC
5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a good buying opportunity; a bullish candle indicates a formed short-term uptrend, making it wise to sell high and secure profits. #Binance Alpha Launch
6. Break the mold with contrarian thinking: To stand out in the cryptocurrency space, sometimes you need to go against the grain. When everyone is enthusiastically chasing trends, maintain a bit of calm; when there is panic selling, be brave and daring to operate contrarily, only then can you find niche opportunities for wealth outside the mainstream waves.
7. Endure the agony of consolidation: When prices are consolidating at high or low levels for a long time, it can be very frustrating. At this time, don’t let anxiety push you to take hasty actions; be patient, keep your composure, and wait until the trend becomes clear, whether it is going up or down, and then strike with full force.
8. Seize the tail end of a surge: After a long period of consolidation at high levels, once there is another surge, don’t hesitate; this is likely to be the final frenzy. Sell in a timely manner to secure your profits, otherwise, they may slip away quickly—don’t let a cooked duck fly away.