Can trading cryptocurrencies yield stable profits?
Remember three rules to avoid getting trapped and to profit:
1. Do not buy during a rise; instead, pick up bargains when prices fall, following the principle of 'when others are greedy, be fearful; when others are fearful, be greedy';
2. Diversify investments; do not put all your money into one cryptocurrency;
3. Do not go all in; keep some funds reserved for opportunities.
There are six key strategies for short-term trading:
1. Only act after waiting for signals of new highs after consolidation at high positions, and new lows after consolidation at low positions; do not chase rising prices or panic sell;
2. Do not trade during sideways movement; wait for signals before acting;
3. Follow the K-line 'electrocardiogram', buy on bearish lines and sell on bullish lines;
4. Clearly understand the downward trend and rebound rhythm; if you miss it, wait for the next wave;
5. Gradually build positions using the pyramid buying method;
6. Know that after a cryptocurrency rises or falls, it will enter a consolidation state; decide once the trend is clear, and exit if there is a downward trend.