Rules for Survival in the Cryptocurrency World: Eight Painful Experiences of Old Investors
1. Supplementing Positions Only to Preserve the Breakeven Point: Greed Leads to Being Trapped
When trapped, learn to timely supplement positions to control costs, but remember that the purpose of supplementing is to break even, not to profit; excessive greed will only lead you deeper into trouble.
2. Calmness Hides Underlying Turbulence: Beware of Sudden Crashes After Small Rises
When the price of a cryptocurrency has been stable for a long time and suddenly spikes, it is often not the beginning of a trend but a precursor to a trap; be alert to the severe fluctuations that may follow.
3. After a Surge, There Must Be a Correction: K-line Needs to Build a Base Before a Breakthrough
Any cryptocurrency will enter a correction period after a significant rise; observe the triangular consolidation pattern formed by the K-line, as this is an important signal of the market choosing a direction.
4. Taking What Others Discard is the Right Path: The True Secret of Contrarian Trading
Build positions gradually during market panic and take profits step by step during market euphoria; contrarian operations are the key to sustained profits.
5. Timing of Trades Must Be Precise: Remember the Three No Principles
Do not sell easily unless breaking the previous high, do not blindly catch falling knives in panic selling, and maintain a cash position during volatile markets.
6. Find Key Points in Trends: Support and Resistance Determine Buy and Sell
In a rising market, focus on the strength of support levels below, while in a falling trend, pay attention to the pressure of resistance levels above; these key points often determine subsequent trends.
7. Position Management is Fundamental: Adaptability Demonstrates Skill
Never go all-in on a single cryptocurrency; flexibly adjust positions according to market changes, and knowing when to stop is essential for long-term survival.
8. Mindset Determines Profit and Loss: Overcome Inner Demons to Succeed
The biggest enemy in the cryptocurrency market is not the market itself, but oneself; maintaining rationality and controlling emotions is crucial to preserving profits amid volatility.
Follow Guoxing Trends, and let us help you see beyond the surface; remain calm in both bull and bear markets.
