A Must-See for Newbies in the Crypto World! Super Useful Trading Tips Are you feeling confused as a newcomer in the crypto world? 😵 Don’t worry, today I’m sharing some super practical trading tips to help you avoid detours!
✨ Make Good Use of Time Differences:
The time period from midnight to 6 - 8 AM is crucial! If the price keeps falling from midnight to 6 AM and continues to drop during this time, it's often a good opportunity to buy or add to your position; there’s a high probability it will rise later in the day. Conversely, if it keeps rising during this time, you might consider selling, as it’s likely to drop later in the day. Additionally, pay attention every day at 5 PM, as American crypto enthusiasts wake up and start working, which may cause price fluctuations~
💡 Follow Buying and Selling Guidelines:
If the price hasn’t reached your expected high, don’t sell easily; earning less is still a loss. If it hasn’t reached your psychological price level, hold off on buying impulsively, or you might end up buying too early. Be especially cautious during sideways movements; if the trend is unclear, trading is like a blind person touching an elephant, so it’s better to wait and see.
💰 Reasonably Control Your Position:
Divide your funds into five parts, and only invest one-fifth each time, setting a stop-loss of 10 points. This way, if you make a mistake once, you only lose 2% of your total funds, and you’ll only lose 10% if you make five mistakes. If you get it right, set a take-profit of over 50 points. Never increase your position when you are in the red; it’s wise to add to your position when you are in profit!
Newbies, hurry up and like, save, and read this repeatedly. I wish everyone can gain something in the crypto world 🥰
