Beginner's Trading Tips

To help beginners grasp cryptocurrency trading skills more quickly, here are some simple and easy-to-understand trading tips:

Buy the sideways, buy the dips, don’t buy the verticals; the selling point is when the market is boiling. This means: buy when the coin price is consolidating or retracing, and sell when the coin price is surging and the market is chaotic.

Continuous small rises are real rises; continuous large rises require exiting. This means: if the coin price rises slightly and consistently, it indicates a steady upward trend; whereas if it rises significantly and continuously, it may face retracement risks, and one should exit in a timely manner.

A significant spike requires a pullback; don’t dig deep pits, don’t buy large. This means: after a significant rise, there is usually a pullback for confirmation; if the pullback is not deep, it is a good time to buy.

Accelerating major rises are nearing a peak; sell quickly during sharp drops, sell slowly during gradual rises. This means: during the main upward phase of the coin price, if it accelerates, it may be nearing its peak; during sharp drops, one should sell quickly, while during gradual rises, one can sell slowly.

A sharp drop with low volume is intimidation; a gradual drop with high volume requires a quick exit. This means: if the coin price drops sharply but the trading volume is low, it may be the major players intimidating retail investors; whereas if a gradual drop occurs with increased trading volume, one should exit promptly.

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