Six Rules for Short-term Cryptocurrency Trading:
When the price is high or low and consolidates, it often makes new highs or lows; wait for the direction of the market to be clear before taking action;
Do not trade during sideways movements;
Buy on a bearish candle and sell on a bullish candle;
A slowing decline will have a slow rebound, while an accelerating decline will have a fast rebound;
Build positions using the pyramid method;
After continuous rises and falls, the cryptocurrency will enter a consolidation phase. At this time, do not sell everything at high prices or buy everything at low prices. After consolidation, there will be a change in direction; if it changes downward, liquidate positions and act promptly.