Nine Key Trading Insights in the Cryptocurrency Market
1️⃣ Morning Sets the Tone: Morning market trends are the most genuine; a significant drop could be a good buying opportunity, while a sharp rise might be a chance to secure profits.
2️⃣ Steady Rhythm in the Afternoon: A sudden rise in the afternoon is often just a false signal; chasing highs can lead to losses; don’t panic during a drop, and wait for the right low point to enter the market the next day.
3️⃣ Don't Panic During Downtrends: Don’t rush to cut losses during a morning crash; the market changes rapidly, so be patient and wait for recovery.
4️⃣ Trading with Principles: Don’t sell until you reach your target, don’t buy until you meet your expectations, avoid trading during sideways movement, and steer clear of impulsive actions.
5️⃣ Buy Low on Dips and Sell High on Rallies: Accumulate positions on bearish candles and take profits on bullish candles; following the trend is more stable.
6️⃣ Contrarian Thinking Wins: Stay calm during public frenzy, be decisive during panic selling; contrarian strategies often lead to breakthroughs.
7️⃣ Endure the Consolidation Period: Sideways markets test patience; wait for clear trends to make decisions and avoid being swayed by emotions.
8️⃣ Don't Get Attached During Highs: A surge after a period of consolidation is often the final craziness; lock in profits in a timely manner.
—— The cryptocurrency market is like a battlefield; the way to survive lies in being steady, precise, and decisive.