Five Essential Skills for Profiting in the Crypto World!

In the crypto world, if you want to profit from professional trading, you need to cultivate the following five fundamental skills:

1. Trend Selection: Grasping the Direction of Trends

Trends are crucial. The halving cycle of cryptocurrencies occurs every four years, combined with the Federal Reserve's monetary policy factors, creating a clear trend. Mastering these two aspects and selecting the right trading trend will allow you to control the big picture.

2. Coin Selection: Accurately Screening Targets

After determining the trend, selecting coins is key. Accumulating coins during a bear market often leads to profits in a bull market, but there are also failed projects. You can uncover quality coins by observing the fundamentals of the coin, signs of institutional accumulation, price performance, technical analysis, sentiment, and narrative development.

3. Timing: Finding the Right Entry Point

Once you have selected the right tokens, you need to observe the market to find an entry point. Learning classic technical theories such as K-line analysis and Dow Theory can help you obtain suitable buying opportunities, allowing you to build positions at lower costs and maximize profits.

4. Taking Profit: Reasonably Securing Gains

Precise profit-taking is not easy. A common method is to take profits in batches, leaving 10% of your position to feel the market. This both secures profits and allows acceptance of market fluctuations.

5. Position Management: Controlling the Lifeline of Trading

This is crucial for survival in the crypto world and key to continuous profitability. You can use the 334 or 235 principles to control your position and stabilize your emotional mindset, achieving fluid entry and exit.

There are many opportunities in the crypto world, but only by mastering these five fundamental skills and maintaining clarity can one navigate steadily and far.