Today's performance is quite good, with two 10x coins!
Everyone remember that to achieve stable profits, do not cling to altcoins.
Do not be greedy with hot coins; altcoin surges have cycles. After making a profit, change promptly, or else it will drop back to the original point, wasting all your hard work. FIL and LUNA are examples.
Key signals after consolidation
When hovering at a high position, if it breaks out again, be wary of false signals and consider reducing positions or exiting;
When hovering at a low position, if it breaks new lows and then quickly rebounds, it is usually the main force's final washout, so hold your coins firmly.
Identify strength and weakness by observing the environment
In a bad market, if it can rise while consolidating against the trend, it indicates strength;
In a good market, if it consolidates against the trend or even slightly drops, be wary of the risk of a pullback.
Add to positions only when profitable, do not average down on losses
The core of position management is to add to positions in line with the trend, not to keep averaging down during losses, which can lead to being trapped. Cut off losses, and let profits run.
Do not easily exit in a trend
Once you identify the bottom, the price often rises in a “two steps forward, one step back” manner. Midway fluctuations are washouts; firm belief is needed to ride the main upward wave.
Choose the right targets based on the correct direction
Top players look at sectors, second-tier players look at individual coins, third-tier players look at indicators, and beginners rely on luck. Focusing on hot topics attracts capital attention, increases popularity, and raises win rates.
The core of technical analysis is volume and price
All indicators are based on volume and price. Real analysis should focus on the relationship between trading volume and price. Ignoring volume and price while only trusting indicators can easily lead to misjudging direction.
Go with the trend: look at support when rising, look at resistance when falling
In an upward trend, approaching the support line is a point to add to positions; in a downward trend, encountering resistance and rebounding is an opportunity to short or exit.
There are many opportunities in the crypto world, but few rules. Being accurate, disciplined, and quick to act is the core ability to survive in the long term. May you be not blind, not greedy, and earn steadily. $SPK $BANANAS31 $SEI #FUN #币安Alpha上新
