Don't be greedy when speculating in cryptocurrencies, remember these few points:
Don't be greedy when speculating in cryptocurrencies, remember these few points firmly, and you will be able to do well in the cryptocurrency circle.
1. When you are trapped, you can only cover your position to protect your principal. Expecting huge profits is greed. When you are trapped, the purpose of covering your position is to reduce losses, not to seek profits. Don't blindly pursue rebounds.
2. Behind the calm market, there are often big fluctuations. Don't be confused by the temporary stable market. The market may change suddenly at any time.
3. There must be a correction after a big rise. If the K-line draws a triangle for a long time, you must be alert that it will be corrected if it rises too much. This is an iron rule. Observe the market pattern to avoid being trapped at a high position.
4. Buy on the Yin line and sell on the Yang line. The counter-market operation is the kingly way. Buy when everyone is panicking and sell when everyone is crazy. This is the operation of masters.
5. Don't sell when it goes high, don't buy when it goes down, and never start when it goes sideways. Don't rush to sell at the high point of the market. Enter the market decisively when it falls below the support, and don't act rashly when it goes sideways.
6. Look at the pressure level when the price goes up, and the support level when the price goes down. Pay attention to the resistance level in the rising trend, and pay attention to the support level in the falling trend, so that you can know it in your mind.
7. Full position operation is a taboo, and it is not advisable to act alone. The currency market is unpredictable. Always maintain flexibility. Position management is crucial. Only by being able to advance and retreat freely can you be at ease.
8. The currency speculation is all about mentality. Greed and fear are the biggest enemies. Chasing up and killing down will only make you lose more and more. Only by maintaining a stable mentality can you be invincible in the market.
If you want to grasp this round of bull market, it is definitely too late to learn and sell now.
It is best for someone to take you to get started quickly.
I am Feng Qinger, welcome to communicate!
