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 is a time to take profits.
2. Maintain a Steady Pace in the Afternoon
Afternoon spikes are often false signals; chasing highs can lead to losses; don't panic during a drop, wait for the right low point to enter the next day.
3. Don't Panic During a Drop
Don't rush to sell during a sharp morning decline; the market changes rapidly, so be patient and wait for recovery.
4. Have Principles in Buying and Selling
Don't sell until you reach your target, don't buy until your expectations are met, avoid trading during sideways markets, and prevent blind operations.
5. Buy on Dips, Sell on Rallies
Buy on the dips with bearish candles, take profits on the rallies with bullish candles, and operate in the direction of the trend for stability.
6. Contrarian Thinking Wins
Stay calm during public euphoria, be decisive during panic selling; contrarian strategies often lead to breakthroughs.
7. Endure the Consolidation Period
A sideways market tests patience; wait for clear trends before making decisions, and don't let emotions dictate your actions.
8. Don’t Get Attached During Highs
After a period of consolidation at high levels, any further spikes are often the last frenzy; take profits in time to secure your gains.
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