First, average down to seek capital preservation; greed for profits is folly.
In cryptocurrency trading, it is inevitable that several coins will be trapped at times. At this moment, remember that it is unwise to fantasize about instant recovery from losses; haste makes waste.
Profit-seeking actions will only lead you to deep troubles, so be honest in your averaging down operations to protect your capital, only then can you...
Flowing like a gentle stream.
Second, a calm surface may hide a big wave behind.
The cryptocurrency market may seem calm on the surface, but it hides undercurrents. Do not be misled by the trivial gains in front of you; always maintain vigilance.
stay highly alert and always be wary of the potential for severe fluctuations that may arise next.
Third, after a big rise, a pullback is inevitable; the K-line forms a triangle over many days.
When the coin price is soaring, do not become overly excited or lose your composure. Because after such a surge, a pullback is inevitable.
You need to be able to read the K-line trends; isn't it just an equilateral triangle formed over many days?
Fourth, buy during downturns and not during upswings, sell during upswings and not during downturns; acting against the market is what makes a hero.
When buying coins, one should decisively enter during a downward trend, and when selling coins, one must act decisively during an upward trend. To go against the trend is to achieve unexpected success.
Victory, becoming a hero in the cryptocurrency world.
Fifth, do not sell during peaks, do not buy during drops, and do not trade during sideways movements.
When the coin price rises, do not rush to act; do not hastily buy the dip when it drops. Moreover, when in a sideways state, it is crucial to maintain a firm stance.
Control your hands, observe calmly, and respond to changes with a steady approach.
Sixth, watch support levels during upward trends and resistance levels during downward trends.
When the coin price is in an upward trend, closely monitor support levels to prevent sudden drops; during a downward trend, pay attention to resistance levels.
To be able to decisively buy the dip at the right moment.
Seventh, full margin operations are a big taboo; acting stubbornly is unwise. Understand the need to know when to stop amidst constant changes, and be free in your entries and exits while observing the market.
Never engage in full margin operations; betting everything is a poor strategy. The cryptocurrency market is unpredictable, so understand when to take profits and execute your entries and exits.
Be at ease; only by calmly observing changes in the situation can we grasp the best timing.
Eighth, trading cryptocurrencies is about mindset; greed and fear are major harms; be cautious with rises and falls, and maintain a calm and free mind.
An excellent operator knows that mindset is crucial in cryptocurrency market operations. Greed and fear are our greatest enemies, so avoid them.
Chasing highs and cutting losses requires maintaining a calm and composed mindset, only then can one navigate freely in the cryptocurrency world.
Finally, let us firmly remember these eight operational mantras and move steadily forward in our cryptocurrency trading journey. The path of cryptocurrency trading is filled with challenges and
opportunities, and these eight practical operational skills act as bright lights illuminating our path ahead. When we strictly follow the principle of 'averaging down to seek capital preservation,
When faced with difficulties, maintain your calm and use a steady strategy to protect your capital, laying the foundation for future profits.
“A calm surface may hide a big wave behind, be cautious of the coming storm” reminds us to stay vigilant at all times, not to be misled by the calm surface, and to remain sharp.
Be aware of potential risks in the cryptocurrency market; entering the market carries risks, and operations must be cautious. Don't be envious when others make money, and don't listen to others' empty talk.
Do not blindly follow the crowd; it's your money, you must take responsibility. Investing is like planting a tree; it takes time and cannot be rushed. If planted well, the fruits will be abundant;
if not, it may rot even at the roots.
