The Wisdom Handbook of Cryptocurrency Investment:
1. On the road of cryptocurrency investment, price fluctuations are like the ups and downs of life. When the price enters a stable upward trend, each pullback resembles a rest stop along the way, which is precisely our excellent opportunity to enter the market. It is essential to understand that there is no price that continuously skyrockets; pullbacks are like a compressed spring, preparing for a stronger leap ahead.
2. If caught in a clear downward channel, any rebound should signal our exit. Once the trend worsens and we wish to return to an upward trajectory, it may require a long wait. One must not blindly hold on; do not waste time unnecessarily.
3. Short-term price fluctuations are mainly influenced by emotions and fundamentals. However, in the long run, one must not be misled by small profits in front of them. Just like the current market, while emotional influence is undoubtedly important, the fundamentals determine the degree and duration of the rise.
4. Manually identified bottoms are mostly not the real bottom, but may only be halfway down the slope. The formation of a true bottom depends firstly on market sentiment and secondly on capital movements. Therefore, do not blindly attempt to catch the bottom; often, you will find yourself trapped nine times out of ten.
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