Cryptocurrency Insights:

After several years of navigating the crypto space, experiencing countless ups and downs, I have summarized my insights over the years into eight maxims.

1. Skillfully use morning trends: In the morning, the market sentiment is at its purest; if the price plunges significantly, don't panic, as this could be a good opportunity to buy at a low price; if the morning sees a strong upward surge, don’t be greedy, take the opportunity to sell for a profit and lock in your gains.

2. Master afternoon strategies: If there’s a sudden surge in the afternoon, don’t get carried away and follow the crowd to buy in, as it’s often just a false alarm, and entering at high levels can lead to losses; conversely, if there’s a significant drop in the afternoon, it’s wise to stay calm, observe for a while, and enter again the next day at a better low point, often allowing you to acquire cheap tokens.

3. Maintain a stable mindset in downturns: If you wake up to see the price of coins plummet, don't rush to sell at a loss; the market changes rapidly, and morning fluctuations are often just illusions; if the market is stagnant with no movement, don’t rush into action, it’s better to take a break, recharge, and wait for opportunities.

4. Strictly adhere to trading rules: If the coins you hold haven’t reached your expected high, don’t sell them easily, as even small profits can be considered losses; if the price hasn’t dropped to your psychological level, hold back from buying impulsively to avoid buying at a half-way point; during sideways trading, when trends are chaotic and unclear, trading is akin to blindfolded guessing, so it’s better to observe from the sidelines.

5. Operate using candlestick patterns: Buy on bearish candles and sell on bullish candles, which is a classic strategy. A bearish candle indicates a price correction and cheaper tokens, making it a good time to enter; a bullish candle signals a short-term upward trend, so sell at a high to secure profits.

6. Breakthrough with contrarian thinking: To stand out in the crypto space, sometimes you need to go against the grain. When everyone is enthusiastically buying, maintain a bit of calm; when there’s panic selling, be bold and dare to act contrarily, as this can lead to rare opportunities for wealth outside of mainstream trends.

7. Endure the agony of consolidation: When prices are consolidating at high or low levels for an extended period, it can be quite frustrating. During this time, don't let anxiety drive you to act rashly; be patient and stay calm, waiting for a clear trend to emerge, whether it’s an upward push or a downward dip, before making your move.

8. Catch the tail end of surges: After a prolonged period of sideways trading at high levels, if there’s a renewed upward push, don’t hesitate, as this is likely the final frenzy. Sell in a timely manner to secure your profits, or else it may slip away quickly, and the roast duck could just fly away.