The following tips on trading cryptocurrencies are my experiences over the years. Remember to like and save after reading:
If a popular coin falls for nine consecutive days, quickly catch up with the rhythm.
If a coin rises for two days in a row, don't forget to reduce your holdings; safety first.
If a coin rises more than 70%, it might still surge the next day, so don't sell in a hurry.
Enter a strong coin after it pulls back; it's a surefire way to profit. If a coin doesn't move for three days, wait another three days; if it still doesn't move, switch to another. For medium-term investment, focus heavily on one coin, operate flexibly, reduce holdings at highs, and increase at lows.
For short-term trading, watch the candlesticks, sentiment, popularity, and speed; these four are key. Buy coins that are bottoming, ensuring a thick safety net. Only add to coins that are rapidly rising to keep up with the pace.
Technical indicators are more useful than numerical values; remember this.
If a coin can't recover its cost the next day, quickly withdraw. On the rising list, if a coin rises for two consecutive days, be ready to sell; the fifth day is usually a good time.
Volume and price indicators are the lifeline of the cryptocurrency market.
Watch for low-level breakout volumes closely; if there’s high-level volume but stagnant growth, it's time to run.
Only trade coins in an upward trend; the odds are better, and you won't waste time.
By looking at daily, monthly, and quarterly charts, you can understand the trend.
If you're a small investor in the crypto market, don't be afraid; if your methods are right, your mindset stable, and your strategies ruthless, opportunities will always come knocking.
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