I know an old veteran in the crypto circle who invested 100,000 and now has rolled it up to 42 million. He once told me a harsh truth: "This market is all about following the trend and reckless speculation. As long as you control your hands and don't let emotions run wild, money will automatically find its way into your pocket!"
The most important thing in trading crypto is strategy. I've summarized a few practical rules, all learned from blood and tears:
Prepare before entering the market; don’t go all in right away. When the market is sideways and it makes new lows, load up on the bottom; when it surges to new highs, run for it.
When volatility is high, sell when it rises and buy when it falls; if it’s moving sideways, take a break and don’t operate blindly. Buy on bearish candles and sell on bullish ones; reverse operations can make money. If it crashes in the morning, buy quickly; if it surges, sell immediately; if it surges in the afternoon, don’t chase it; if it crashes, wait until tomorrow to buy; if it crashes in the morning, don’t cut your losses; if it doesn’t rise or fall, observe; if you’re trapped, average down to protect your capital, don’t be greedy.
You must have risk awareness! Surface calm may hide big waves; after a sharp rise, there must be a correction; be cautious when K-lines form a triangle. Look for support when rising and resistance when falling; never go all in, and don’t stubbornly hold on. The market changes quickly; cut losses when needed and take action when necessary.
Ultimately, trading crypto is about mindset. Greed and fear are the worst enemies, chasing highs and selling lows will lead to losses; staying calm is key to longevity.
Let me teach you a few more practical methods:
In a choppy market, sell high and buy low; use the BOLL indicator to find box support and resistance; take profits on short-term trades. After a long period of consolidation, there will be a change; after a breakout, you can quickly make money by jumping in, but you must time it right. In a one-sided market, follow the trend, enter during pullbacks, and combine with technical indicators like K-lines and moving averages. When encountering key resistance and support levels, reverse your operations, using trend lines and Bollinger Bands for judgment. After sharp rises and falls, there will always be a correction or rebound; seize the opportunity to profit. Morning and afternoon with small fluctuations are suitable for conservative traders, while night and early morning with large fluctuations are suited for aggressive traders, but the risks are also higher.
Don’t hesitate; quickly join a professional team to find opportunities in the market, calmly respond to this crazy crypto world!