1. Do not be greedy when stuck; prioritize preserving capital when averaging down.
It is inevitable to encounter being stuck in a position when trading coins; at this time, do not rush to recover losses with impulsive actions. Rather than fantasizing about quickly turning a profit, it is better to steadily average down and stabilize your position. Preserving your capital is the long-term strategy; a steady approach is necessary to survive in the market.
2. Hidden currents beneath still waters; prevent large waves after a small rise.
When the coin market seems calm, it often hides risks of volatility. Do not let a small rise cloud your judgment; maintain vigilance at all times to cope with potential sudden fluctuations.
3. After a big rise, there will be a pullback; pay close attention to the candlestick patterns.
Never get carried away when the price of the coin skyrockets; a pullback is inevitable after a rise. Learn to observe candlestick trends; if a triangular pattern forms over several days, it is a signal of trend reversal, so be prepared in advance.
4. Position against the market; buy on dips and sell on rallies.
You can decisively buy coins during a downtrend, and sell coins in a timely manner when the price rises. Do not blindly follow market sentiment; going against the grain often allows you to seize opportunities amidst volatility.
5. Do not chase highs or bottom fish; hold your position and observe the market.
Do not rush to sell when the coin price rises; do not hastily buy when it plunges, and remain still during sideways movement. Patiently wait for clear signals; the best strategy is to remain unchanged amidst changes.
6. Look at key levels in the trend; focus on support in an upward trend and on resistance in a downward trend.
In an upward trend, keep a close watch on support levels to prevent unexpected drops; in a downward trend, focus on resistance levels to find opportunities for bottom fishing. Go with the trend to stay in rhythm.
7. Full position trading is inadvisable; seize the initiative when the opportunity arises.
Never go all-in and bet everything; the market is unpredictable, so leave room for maneuver. Understand when to take profits and cut losses, and do not stubbornly stick to your views, allowing you to enter and exit freely amidst market changes and seize the best timing.
8. Mindset determines success or failure; avoid greed and fear for steady operations.
The core of trading coins is mindset; greed and fear are the biggest obstacles. Stay calm in the face of rises and falls, avoid chasing highs and cutting losses, and respond to volatility with a peaceful mindset to establish yourself in the market.
These eight techniques serve as a compass for navigating the coin market; strict adherence can help stabilize your footing amidst fluctuations. For example, following the principle of 'averaging down to preserve capital' can protect your capital in difficult situations; adhering to 'avoiding greed and fear' can prevent emotional trading. Remember these principles to steadily progress on the challenging and opportunity-filled path of trading coins.
Pay attention to Su Xiaowan; the market has its rhythms. We are committed to being your partner in seizing opportunities of the times through professional analysis and rational strategies, ensuring steady progress.
