.Do not act when the market is sideways; wait for a clear direction before taking action: When the market is unclear, do not rush to operate; be patient and wait until the direction is clear before making a move to secure steady profits.
2. Do not get addicted to hot positions; switch positions in a timely manner: Do not blindly hold popular positions; once the hype passes, funds will withdraw, so quickly adjust your positions to avoid being trapped.
3. Hold steady during an uptrend: When encountering a significant bullish candlestick and increased volume, it indicates that the market is accelerating; at this time, hold onto your coins and wait for higher gains.
4. Exit at the end of a large bullish candlestick: Regardless of high or low positions, a large bullish candlestick is usually followed by a correction; exit promptly even at a limit up to protect profits.
5. Observe moving averages for entry and exit: Moving averages, support levels, and resistance levels are key; when trading short-term, pay attention to the trends within a few days and do not procrastinate.
6. Do not sell on spikes, do not buy on drops: In the cryptocurrency world, the rule is not to sell on spikes and not to buy on drops; be patient and wait for opportunities during sideways movements.
7. Buy in small amounts and be prepared: Do not invest all your funds at once; clarify your reasons for buying and risk management measures before taking action to ensure stable profits.
As an experienced cryptocurrency investor, I share my experiences and insights for free. Interested in cryptocurrency but don't know where to start? Follow me to see my thoughts and guide you to achieve freedom in this bull market.