I know a seasoned trader who entered the crypto space with 200,000 yuan; his asset scale has now reached a market value of 50 million. One thing he said enlightened me: 'Most traders in the crypto market are influenced by emotions; as long as you can manage your mindset well, this market can generate profits for you!'
In the crypto space, an effective trading strategy is your 'core competitiveness.' The following practical tips are experiences tested by the market, and it's advisable to save them quickly!
Core operation tips
Entry Chapter: As a newcomer to the crypto space, prepare to proceed cautiously; gradually enter the market and avoid rash actions.
Sideways Chapter: Low-level sideways movement creates new lows, it's a good time for gradual bottom fishing; high-level sideways movement before another surge, decisively take profits without hesitation.
Volatility Chapter: Take profits when prices surge, look for opportunities when prices dive; observe during sideways movement to reduce ineffective trades. Sideways movement often signals accumulation, hold onto your positions and wait for a rise; during rapid surges, be wary of sharp declines and be ready to secure profits at any time; the slow downward phase is a good time to gradually add to your positions.
Timing of Buying and Selling Chapter: Don't chase highs, don't reduce positions; don't dive in, don't build positions; during sideways movement, minimize position changes. Buy during a downward candle's pullback, sell during an upward candle's surge; reverse operations can make you stand out. Consider buying during a big drop in the morning, suggest selling during a big rise in the morning; don't chase highs during a big rise in the afternoon, reassess after a big drop in the afternoon; don't panic sell during a morning drop, take a break if the market is flat; when stuck in positions, only seek to break even, excessive greed is not advisable.
Risk Awareness Chapter: Calm market conditions can lead to waves, and there may be major fluctuations later; after a big rise, there must be a pullback, and if the K-line shows a triangular pattern for several days, be cautious. In an upward trend, watch support; in a downward trend, watch resistance. Full position trading is a big taboo, being stubborn is not feasible; in the face of market unpredictability, know when to stop and seize the right timing to decide on entry and exit.
Trading cryptocurrencies is essentially trading mindset; greed and fear are the biggest enemies; be cautious with chasing highs and cutting losses, a calm heart is key to long-term success.
Super practical trading method
Fluctuation trading method: Most market conditions are in a fluctuating pattern, using high throws and low catches within the box range is the basis for stable profits. Utilize the BOLL indicator and box theory, combined with technical indicators and graphics to accurately identify resistance and support levels. Follow short-term trading principles and avoid greed.
Breakout trading method: After a long period of consolidation, the market will choose a direction, and entering after a breakout can lead to quick profits. But one must have the ability to accurately judge breakout signals.
Unilateral trend trading method: After the market breaks through a range, it will form a unilateral trend, and trading with the trend is key to profit. Enter during pullbacks or rebounds, using K-line, moving averages, BOLL, trend lines, and other indicators; skilled application allows for smoother trading.
Resistance and support trading method: When the market encounters key resistance and support levels, it often faces obstacles or gains support, entering at this time is a common strategy. Use trend lines, moving averages, Bollinger Bands, and parabolic indicators to accurately judge resistance and support levels.
Pullback and rebound trading method: After significant rises and falls, there will be short-term pullbacks or rebounds; seizing these opportunities can lead to easy profits. Primarily based on K-line patterns, good market sensitivity can help you accurately grasp high and low points.
Time-based trading method: The morning and afternoon sessions have small fluctuations, suitable for conservative investors; although profit-taking takes time, it is easier to grasp the market trend; the evening and early morning sessions have large fluctuations, suitable for aggressive investors who can profit quickly but face higher difficulty, requiring strict technical and judgment skills.
Seize opportunities, collaborate with experienced strategy teams, and explore opportunities in market fluctuations, responding calmly and rationally to the unpredictable cryptocurrency market.
K brother is planning to ambush a potential coin ready for a breakout; it’s easy to double your investment, and expecting a 5-10 times return is not a problem. If you want to keep up, follow me for free sharing!
