If you have been struggling in the cryptocurrency market for more than a year but the numbers in your account still haven't reached the expected 1 million, then this article may inspire you. The following 10 practical tips are the sum of experiences from many successful investors. If you still haven't made money after reading these, feel free to come and discuss with me.

  1. Small funds, seize the primary upward trend
    If your funds are not large (for example, within 100,000), capturing one primary upward trend each year is sufficient. Do not always be fully invested; keep enough cash to respond to unexpected situations. The market will always have opportunities, but once the principal is lost, the opportunities no longer belong to you.

  2. Cognition determines wealth
    A person can never earn money beyond their cognition. A simulated trading account is a good tool for practicing mindset and strategies, but it cannot fully replicate the emotional fluctuations of the real market. In actual trading, each failure can bring enormous psychological pressure and may even lead you to completely exit the market. Therefore, start with small funds and gradually enhance your cognition and skills.

  3. Good news is realized, sell decisively
    When there is significant good news, if you haven’t sold on that day, you must decisively sell on the next day when the market opens high. The market often experiences selling pressure after good news is realized, which is a hard rule for short-term trading. Do not be greedy; take profits when they come.

  4. Reduce positions during holidays to avoid risks
    When facing significant holidays, reduce positions or go empty a week in advance. Historical data shows that market liquidity decreases during holidays, making it prone to large fluctuations or declines. Avoiding uncertainty is a wise choice.

  5. Medium to long-term investment, rolling operations
    The core of medium to long-term investment is to keep enough cash, gradually sell when the market rises, and buy back in batches during declines. Rolling operations can lower holding costs while maintaining flexibility.

  6. Short-term trading, choose active coins
    The key to short-term trading is to choose active coins; those with increased trading volume and significant price fluctuations are more likely to provide trading opportunities. Avoid inactive coins, as poor liquidity can lead to difficulties in buying and selling, or even getting stuck.

  7. Understand the market rhythm
    A slow decline is usually accompanied by a slow rebound, while a rapid decline triggers a rapid rebound. Understanding this can help better grasp the timing for bottom-fishing and peak-selling.

  8. Stop-loss is the foundation of survival
    Acknowledge when you make a wrong purchase and stop-loss in a timely manner. There will always be opportunities in the market; preserving principal is the prerequisite for long-term profitability.

  9. Pay attention to the 15-minute K-line chart
    Short-term traders must pay attention to the 15-minute K-line chart and use the KDJ indicator to find buy and sell points. Signals from the KDJ indicator in overbought and oversold areas are particularly important, but be sure to combine them with other indicators (like MACD, RSI).

  10. Master a few techniques, don't be greedy
    There are countless techniques and methods for trading coins, but you only need to master a few. Too much greed leads to inefficiency; focus on the techniques and strategies you are familiar with to navigate the market smoothly.

The cryptocurrency market is a place full of opportunities, but it is also a market that requires wisdom and patience. I hope these 10 practical tips can help you find your own path to wealth in the cryptocurrency space. If you have any questions or want to discuss further, feel free to reach out to me!

I am Brother Jiu, having experienced multiple bull and bear markets with rich market experience in various financial fields. Here, pierce through the fog of information to discover the true market. Grab more opportunities for wealth and find genuinely valuable chances; don’t miss out and regret!#比特币价格走势分析 #美联储降息预期 #币安LaunchpoolRED