The principles of the cryptocurrency world, grasp them to achieve great mastery!
1. Skillfully judge the morning market
Don’t panic during morning dips; it's advisable to buy low. Don’t be greedy during morning rises; quickly take profits. Pure emotions hide opportunities; clearly observe the opening for both long and short positions.
2. Afternoon strategies should prioritize stability
Avoid chasing highs during midday surges; it’s easy to get trapped by the main forces enticing buying. During midday drops, it's wise to wait and choose lower prices to build positions the next day.
3. Maintain composure during downturns
Don’t cut losses during a violent opening drop; early morning fluctuations are often misleading. Stay calm during sideways trading; conserve energy and wait for direction.
4. Strictly adhere to trading rules
Do not sell if the target isn’t reached; remember that a little profit is still a loss. Avoid bottom-fishing if the price hasn’t reached your target; staying in cash during sideways trading is the safest bet.
5. Seek opportunities within candlesticks
Enter positions when the market is down; when the market is up, secure profits. Remember classic strategies; observe the candlestick signals for both long and short positions.
6. Breakthrough the dilemma with contrarian thinking
When others are greedy, I step away; when others are fearful, I enter. Those who go against the crowd can find hidden opportunities.
7. Endure the agony of consolidation
High and low consolidations test your mindset; don’t operate impulsively due to anxiety. Quietly wait for the trend to clarify, then show your skills and shape the outcome.
8. Be decisive at the peak
During a second peak at a high position, the main forces will entice buying one last time. Take profits promptly without hesitation; actualizing profits is what matters.
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