These eight sayings in the crypto world are worth a look!
These are the wealth-building tips that only seasoned players in the crypto world understand, and you must remember these eight sayings.
1. If you're stuck, just add to your position to protect your principal; wanting to earn it back is pure greed.
There will always be a few coins that get you stuck. At this time, don't expect to turn losses into profits all at once; being eager to make money will only dig you deeper. Steadily add to your position, and protect your principal first to play for the long term.
2. The surface looks calm, but if it suddenly rises a bit, be careful; a big wave might follow.
The crypto market seems calm on the surface, but underneath, there are all kinds of undercurrents. Don't be fooled by that small rise in front of you; stay vigilant, as there might be big fluctuations coming up.
3. After a big rise, there will definitely be a pullback; the K-line connected looks like a triangle.
When the price of a coin rises sharply, don't celebrate too early; it will definitely pull back afterward. Look at that K-line chart, connected over several days, it looks like an equilateral triangle.
4. Buy on the dip, not on the rise; sell on the rise, not on the dip; doing the opposite is the key.
When buying coins, choose to enter when they are declining; when selling, do so when they are rising. Operating against the market will help you make unexpected profits.
5. Don't sell when it hasn't reached a high, and don't buy when it hasn't hit the bottom; don't act recklessly during sideways movement.
When the coin price reaches a high, don't rush to sell; when it drops sharply, don't rush to buy at the bottom. If the price is stagnant, just manage your hands and observe quietly.
6. Look at support levels when it rises, and resistance levels when it falls.
When the coin price goes up, focus on the support level to prevent it from dropping; when it goes down, pay attention to the resistance level to find the right time to buy at the bottom.
7. Full investment is a big taboo; blindly speculating is not good, and you must pull back when the market changes; be precise about buying and selling timing.
Never invest all your money; being headstrong is not acceptable. The crypto market changes quickly; you must know when to pull back and be precise about buying and selling timing, being flexible.
8. It's all about mindset; greed and fear are the biggest pitfalls.
Don't chase after buying highs or selling on dips; maintaining a calm mind is the most comfortable. In crypto trading, mindset is especially important; greed and fear are the biggest enemies, so you must stay steady.