Cryptocurrency Trading Guidelines
1. Be Patient and Wait for Consolidation
When the market is sideways, do not rush to act; after consolidation comes the change.
2. Don't Get Attached to Short-Term Trends
Popular positions are often speculative; once the hype fades, funds withdraw. Regularly change positions to mitigate risk.
3. Stay Steady During Acceleration
When the K-line gradually rises, showing high opening bullish candlesticks and increasing volume, the market is accelerating. Hold your position and wait for profits.
4. Exit After a Huge Bullish Candlestick
After a large bullish candlestick appears, decisively exit regardless of high or low levels to avoid profit withdrawal.
5. Moving Averages and Support Levels are Key Buy/Sell Points
Moving averages, support, and resistance levels are crucial for trading. Even if you make a mistake, follow the rules.
6. Better to Enter Less Than to Overcommit
Prepare before taking action; the only constant in the cryptocurrency world is change, so be cautious when entering the market.
If you enjoy contracts, like studying charts, and researching techniques, click on my avatar. I have years of experience and skills in the crypto space to share freely. I’ll be waiting in the community, online anytime. Welcome to discuss and improve together.