Cryptocurrency Trading Insights
1. Set the Tone in the Morning
The morning market is the purest; a sharp drop may be a good opportunity to buy the dip, while a surge should be taken as a chance to secure profits.
2. Maintain Rhythm in the Afternoon
Rapid rises in the afternoon are often just a mirage; chasing highs can lead to losses. Don’t panic during a drop; wait until the next day to find the right low point to re-enter.
3. Don’t Panic During a Downturn
Do not rush to cut losses during a sharp decline in the morning; the market changes rapidly, so be patient and wait for recovery.
4. Trade with Principles
Do not sell until your target is reached, do not buy until your expectations are met, avoid trading in a sideways market, and steer clear of blind operations.
5. Buy on Dips, Sell on Rallies
Buy on bearish candles and sell on bullish candles; operating in line with the trend is more stable.
6. Benefit from Contrarian Thinking
Stay calm during the public’s euphoria, be brave during panic selling; contrarian strategies often present breakthroughs.
7. Endure the Consolidation Period
Sideways markets test patience the most; wait for the trend to clarify before making decisions, and don’t be swayed by emotions.
8. Don’t Get Attached When Prices Rise
After a period of consolidation at high levels, further upward movements are often the last hurrah; take profits in time to secure gains.