Want to live longer + earn more? These 6 simple methods are more effective than listening to experts ramble!
1. Follow the trend, don't go against it
Prices may still rise during high-level consolidation, and low-level fluctuations may continue to fall. Identify the overall direction before taking action; don't go against the market!
2. Don't jump in blindly, wait for signals
Don't rush to buy during consolidation; wait until the price clearly rises or falls before acting. Otherwise, you might as well be throwing money away!
3. Buy on down days, sell on up days
Don't rush to sell when a down day appears; it might be an opportunity. Don't be greedy when a price rises; sell when you should instead of waiting for a correction to kick yourself!
4. The sharper the drop, the stronger the rebound
Stocks that drop slowly tend to rebound slowly, while those that crash might suddenly surge. Look for sharp drops to buy the dip, and sell on the rebound!
5. Pyramid-style position building
Use a pyramid-style approach to build positions, effectively lowering costs.
6. The longer the consolidation, the more intense the breakout
Don't underestimate prolonged consolidation after consecutive rises or falls; the longer it lasts, the more likely a sudden surge or drop will happen. Stay alert before taking action!
Remember: Don't act impulsively, take it steady! Trading cryptocurrencies is not gambling; keep these 6 tips in mind. Minimizing losses is a win, and how much you earn depends on your patience!