Losing money in the cryptocurrency market? Most likely, it's because you misread the cycles! If the direction is wrong, the harder you work, the more you lose! $ETH

Brothers, in the cryptocurrency market, losing money while busying around often isn't due to poor skills; it's because of misreading the cycles! Stubbornly chasing prices in 15-minute intervals can easily lead to getting slapped by the major trend; if you only look at the 4-hour chart, you might miss the buying and selling points. Today, I will share the three tools I have used for two years: 'Telescope + GPS + Scope', three steps to clarify the thought process:

4-hour chart (Telescope) - Set the direction:

Understand the major trend: Are the highs and lows synchronously rising (bullish), synchronously falling (bearish), or fluctuating back and forth (consolidating)? Qiongqi's view: The trend is your father! Only trade in the direction of the trend. In a consolidating market? It's best for beginners to sip tea and watch the show; don’t throw in money!

1-hour chart (GPS) - Find the position:

Once the direction is set (for example, bullish), find the key 'entry points': previous lows, trend lines, moving averages (support levels); previous highs, areas of heavy trading (resistance levels). Qiongqi emphasizes: Patience in waiting for the right position! Good points are earned through waiting, not chasing. Chaotic chasing? You deserve to be cut!

15-minute chart (Scope) - Seize the opportunity:

Once the positions are identified, wait for the 'trigger signal': engulfing candlesticks, bottom divergence, volume breakout/breakdown. Key to avoid pitfalls: Beware of low-volume 'fake movements'! Must have stop-loss! Small cycle fluctuations are fast; don’t let a single trade ruin you.

Qiongqi emphasizes:

Process: 4-hour chart determines bullish or bearish → 1-hour chart finds support/resistance → 15-minute chart waits for signals to act. Conflicting cycles? Better to stay in cash, don’t gamble! Core: Trend, position, opportunity, gather all three before acting!

This three-mirror method is the secret to survival for seasoned traders! But how to use it well? First, control your hands! In the next issue, I, Qiongqi, will expose the favorite fake breakout traps of market makers, follow me to avoid stepping into the retail trap! #币安HODLer空投PLUME $ETH