1. Among thousands of red, find a spot of green; seize the opportunity without hesitation.
When a coin experiences consecutive days of downward adjustment and shows a sea of red, if one day you see a green candle or a small bullish candle, this pattern usually indicates a higher rebound the next day.
2. A wave rises on a calm surface; be mindful of the larger waves that follow.
When a coin has been consolidating at the bottom for a long time, fluctuating in a small range, and suddenly there is a significant upward jump in the market, this situation generally won't return to previous levels for a long time; after the main force has accumulated, there will be greater waves in future trends.
3. Make up for losses to preserve capital; seeking profit is actually greed.
When the coin you bought incurs losses, rushing to average down is like putting good money into bad; placing good apples among bad ones leads to the result of all apples rotting. Trading requires a spirit of surrender; when a mistake occurs, you must recognize it and exit rather than leaving your fate to luck. You must firmly hold your destiny in your own hands.
4. Don't buy low, don't sell high; don't trade in sideways markets.
Not buying at lows means not to buy when the price is low and you think it's at the bottom, and not to sell when you think the price is high. When you feel the price is too low or too high, others likely share the same view, which is mostly wrong. As for not trading during sideways movements, there are no real opportunities in a narrow price range.
5. Buy when the market is rising, sell when it is falling; acting in accordance with the trend is the way of a hero.
The market emphasizes trends; an upward market will show more bullish candles, indicating that market momentum is moving up. Buying during bullish patterns is stronger than buying during pullbacks. When the price of a coin is in a downtrend, it is advisable to make a move during bearish candles, rather than waiting to sell when the price goes up. Remember, missing out on opportunities is also a huge risk.
Will the cryptocurrency market be the only way out for ordinary people?
I've been in the cryptocurrency world for about 10 years. I want to tell everyone that to change your fate, you must try the crypto market. If you can't make money in this circle, ordinary people might really have no other opportunities in life.
Understand more and think quickly.
If you want to seize this bull market, learning and selling at the same time will be too late; it's best to have someone to guide you quickly.
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