If you’ve just entered the crypto world, you must first clarify:
"How to play without being played by the market?"
The following nine trading rules are the experiences exchanged by veteran traders with real money—it's advisable to jot them down and read them repeatedly for reference!
Nine trading rules in the crypto world]—Avoid pitfalls and ensure survival, achieve victory and double your profits.
1️⃣ Buy sideways, buy pits, don’t buy verticals; the selling point is where the excitement is.
This means: Don't chase high prices during a strong rise, the best entry points are during low sideways movements or deep pits. Once the peak arrives, smart people start selling!
2️⃣ Continuous small increases are real increases; continuous large increases mean it's time to exit.
A slow rise is the main force accumulating positions; continuous surges are often baiting for harvesting; taking profits when opportunities arise is the winner’s posture.
3️⃣ A significant surge must be followed by a pullback; don’t buy deep pits without a large purchase.
After a sharp rise, do not chase the price; wait for a pullback confirmation before entering, otherwise, you may catch a falling knife.
4️⃣ A major rise must reach a peak; sell quickly during sharp drops and sell gradually during slow rises.
The end of the main rise is often accompanied by increased volume and rapid tops; stay alert; a sharp drop is a risk release, and reducing positions during rebounds is safer.
5️⃣ A sharp drop with low volume is intimidation; a gradual drop with increasing volume means it's time to withdraw quickly.
Short-term washouts are not scary; what’s scary is a volume drop— that’s a real crash, don’t fall into a protracted battle!
6️⃣ Price breaks the lifeline, don't hesitate to make a swing trade.
Once key moving averages are broken, such as MA30 and MA60, it indicates a trend reversal; only by following the trend can you reap big profits!
7️⃣ Seriously watch daily and monthly charts, build positions with the main force.
The larger the candlestick level, the stronger the signal. Don’t just focus on 5-minute charts; learning to read daily and monthly charts is what makes you an advanced player.
8️⃣ If the price of a coin rises without volume, don’t stand guard for the main force’s bait.
A rise without trading volume is "fake growth"; it can collapse at a touch, don't get in and get buried!
9️⃣ A new low with decreasing volume is a bottom signal; increased volume recovery means it's time to enter.
A drop on decreasing volume may be a good buying opportunity; once there’s an increase in volume for a rebound, decisively enter and follow the main force!
[Nine ways to make money in the crypto world]—Not just trading coins, there are more ways to earn money!
Many people only know how to trade coins, but there are many ways to make money; the key is to find the path that suits you.
1️⃣ Short-term coin trading —— High risk, high reward, requires skills and mindset.
2️⃣ Hold valuable coins —— Long-term holding of quality coins, supported by faith, remain steadfast.
3️⃣ Arbitrage on exchanges (IEO) —— Once you get a winning ticket, your returns could multiply several times.
4️⃣ Grab airdrops —— Zero-cost coin acquisition relies on information asymmetry and execution ability.
5️⃣ DeFi mining —— High annualized interest rate liquidity mining, you must understand contract rules.
6️⃣ Mining with physical mining machines —— Suitable for technical players, high cost but stable returns.
7️⃣ GameFi gold farming —— Earn while playing, suitable for users with more time and light technical skills.
8️⃣ Participation in the primary market —— Invest in early project tokens and enjoy valuation dividends.
9️⃣ Web3 donation mechanism —— Participate in project ecological construction to exchange for airdrop tickets.
In summary:
All roads lead to Rome; the key is to find the path that suits you best and stick to it!
Friends who have finished reading are advised to like, share, and save this.
This is the true beginning of being responsible for yourself!
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