Summarizing 10 points of experience for everyone's reference; if you follow them, it’s hard to incur losses.
1. Coins protected by market makers:
When the market crashes but your coins don’t drop, it's likely that a market maker is protecting them. These coins either have solid fundamentals or potential benefits; hold on tight, as the profit potential is significant.
2. Beginner's Guide to Moving Averages:
Beginners should pay more attention to macro information when buying and selling. For short-term, watch the 5-day line: hold if above, exit if broken; for mid-term, focus on the 20-day line, operate similarly. Stick to a simple moving average strategy and act decisively.
3. Short-term Response Strategies:
If a coin you bought for the short term hasn’t moved for three days, switch it immediately. If it drops after purchase and you lose 5%, cut your losses decisively, utilize your funds efficiently, and avoid losses.
4. Timing for Rebound After Overselling:
If a coin has been cut in half from a high position and has fallen for nine days, it may have nowhere left to fall, and a rebound is imminent—buy decisively to catch the rebound.
5. Investment Logic for Leading Coins:
To engage in the crypto space, one must pursue leading coins, which have strong upward momentum and resilience against downturns. Don't hesitate due to high prices or significant drops; buy when an upward trend is established and sell when it reverses.
6. Weighing Bottom Fishing Against Trends:
Don't be fixated on bottom fishing; a falling coin may have no bottom. Investments should follow the trend, accurately grasp the entry timing, and the probability of profits is high in an upward trend.
7. Building Trading Strategies:
Don't get complacent after a single profit in the crypto space; continuous profits are the challenge. After each profit, review whether the strategy was effective or if it was just luck, and build a strategy that suits you.
8. Application of Cash Position Strategies:
When unsure about the market, hold cash; safety of funds is paramount. Entering the crypto space is for stable asset appreciation, not for gambling-style investments; trading is about success rates and risk-reward ratios.
9. Key Points for Investing in New Coins:
New coins may experience a surge in price due to market optimism, but they might lack fundamental support. A shift in market sentiment can lead to a sudden price drop; investors need to assess cautiously.
10. Consensus and Wealth in the Crypto Space:
Digital currencies develop through consensus mechanisms, where participants earn wealth through belief and effort, demonstrating the power of consensus in the crypto space and its wealth creation potential.
If someone feels confused due to market fluctuations and is unsure how to handle a trapped situation, or feels misled during their operations, remember to keep learning.
Directly share the ultimate tricks for trading cryptocurrencies (save this)
Six Don'ts, Four Don't Let Go:
Six Don'ts:
1. For coins that have been continuously falling and haven't stabilized at the 60-day line, let's hold off for now. Follow the trend; we’ll wait to see when it turns around.
2. Don't buy coins that rise and then receive good news. When good news comes, it often signals a selling opportunity; for coins that have already risen, the main force may be looking to cash in.
3. Avoid chasing coins that have skyrocketed too quickly, far from the 5-day line. Coins that rise too fast carry high risk, and chasing after them can lead to being trapped.
4. For coins that suddenly jump at high positions, do not take risks. A high jump at a high position carries significant risk; it may be the main force quietly unloading.
5. Avoid coins with a turnover rate exceeding 30% for now. A high turnover rate indicates intense battles between bulls and bears; it's better to sidestep this volatile market.
6. Don't be fooled by coins that are holding up despite a bad market environment. Coins that are being propped up in a failing market are likely using tricks to mislead.
Four Don't Let Go:
1. For coins with RSI between 50 and 80, hold on. An RSI that is moderately high indicates that the coin still has potential; holding on can earn you more.
2. If a coin jumps up from a low position, don't rush to sell. A gap up indicates strong bullish momentum; see if it can continue to rise.
3. For coins on an upward trend, hold tight. Following the trend, the longer you hold a coin in a rising market, the more you earn.
4. For coins where all chips are concentrated in one place, don’t sell easily. If all chips are piled together, the main force may still want to push it higher; it’s not too late to sell at a high point.
Crypto Trading Insights: When it comes to trading cryptocurrencies, rules must be followed; it cannot rely on gut feelings.
Understanding market trends is much more reliable than guessing!
