The dumbest but most stable way to trade cryptocurrencies, remember the "Six Principles" 🤔🤔 The dumbest but most stable way to trade cryptocurrencies is actually the six principles. If you remember them, you'll live longer and earn more.
Short-term Six Principles:
🔹 A high-level consolidation mostly leads to a new high, while a low-level fluctuation is likely to test the bottom again.
🔹 Do not operate during consolidation periods; wait for direction confirmation before taking action.
🔹 Enter on bearish candles, exit on bullish candles, and follow the rhythm of the K-line.
🔹 Slow declines lead to slow rebounds, while sharp declines lead to quick rebounds.
🔹 Build positions using the pyramid method, adding more as prices drop.
🔹 After consecutive rises and falls, there is mostly consolidation; prolonged consolidation must change, so keep an eye on the direction.
Act less, take it slow, focus on logic; don't treat opportunities as enthusiasm to squander. Trading cryptocurrencies is essentially a test of endurance.