Cryptocurrency Trading Insights
1. Set the Tone in the Morning
Morning markets are 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 a Steady Rhythm in the Afternoon
Afternoon spikes are often false signals; chasing high prices can be risky. Don’t panic during a drop; wait for the right low point to re-enter the next day.
3. Don't Panic During a Downtrend
If there’s a sharp decline in the morning, don’t rush to sell. The market changes rapidly; be patient and wait for recovery.
4. Have Principles in Buying and Selling
Don’t sell before reaching your target, don’t buy before meeting your expectations, avoid trading in a sideways market, and steer clear of blind operations.
5. Buy on Dips and Sell on Rallies
Buy on bearish candles, sell on bullish candles; operating in the direction of the trend is more stable.
6. Win with Contrarian Thinking
Stay calm when the crowd is euphoric; be decisive during panic selling. Contrarian strategies often present breakthrough opportunities.
7. Endure the Consolidation Period
Sideways markets test your patience; wait until the trend becomes clear before making decisions, and don’t let emotions dictate your actions.
8. Don’t Get Attached to Highs
After a period of high consolidation, further surges may indicate the last frenzy. Take profits in time to secure your gains.
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