8 Practical Guidelines from Years of Experience in the Crypto Market That You Can Use!
1. Utilize Opportunities in the Early Session
Don't panic and cut losses during a sharp decline; there may be a chance to pick up bargains. Don't be greedy during a high opening; securing profits is safer against a potential pullback.
2. Distinguish Truth from Falsehood in Afternoon Movements
Afternoon surges can often be false fires; chasing highs can make you a bag holder. Don't panic during a plunge; plan to re-enter at lower levels the next day.
3. Don't Rush into Early Session Volatility
Don't rush to cut losses during a major drop; a reversal may be just around the corner. When the market is stagnant, forcing trades is equivalent to paying transaction fees.
4. Trading Discipline Determines Wins and Losses
Selling before reaching the target price means earning less is still a loss; buying before hitting the support level often leads to buying halfway up the mountain. During sideways chaos, hold back and wait for direction.
5. K-Line Patterns Conceal Opportunities
A bearish candle indicates a price drop in chips; if you don't buy now, when will you? A bullish candle represents a peak in short-term sentiment; securing profits is the wisest move.
6. Reverse Operations to Seize Opportunities
When others are greedy, I remain cautious; when others are fearful, I position myself. Stay calm during market frenzy and be bold when the community is bearish.
7. Cultivate Patience During Consolidation
During high-level consolidation and low-level fluctuations, panic leads to chaos. Wait for clear breakout signals (increased volume on the upside or breakdown on the downside) before striking hard.
8. Exit Quickly at the Peak
After a high-level consolidation followed by a sharp rise, it is often the last hurrah. Don’t hesitate; sell first as a sign of respect; securing profits is what truly matters.
