The cryptocurrency market has experienced many ups and downs over the years. Here are 8 trading rules that I hope will inspire you:
1️⃣ Multi-line resonance, precise entry
Don’t just focus on daily candles; for short-term trading, pay close attention to the 30-minute candles. Wait for the market to stabilize and for multiple lines to resonate before taking action. For example, after a long upper shadow candle, a big bullish move the next day may have already shown signals in the 30-minute chart.
2️⃣ Go with the trend, decisive stop-loss
Once the trend reverses, it's time to adjust your strategy. Don’t use “wait and see” as an excuse to procrastinate.
3️⃣ Focus on hot spots, win in the short term
For short-term trading, always keep an eye on the current hot spots or potential hot spots; straying from hot spots is essentially a waste of effort.
4️⃣ Don’t act impulsively, trade according to plan
Every entry should have a pre-plan. Trade your plan, not your emotions.
5️⃣ Independent judgment, don’t follow blindly
Don’t treat others' opinions as gospel. Listen to suggestions that lack logic or clear data, but ultimately rely on your own analysis.
6️⃣ Look at the direction first, then choose the target
The overall direction determines profit potential. If the direction is wrong, even the best coin will not yield good results.
7️⃣ Don’t guess the bottom, chase the upward trend
Coins in the upward trend are the ones with low resistance; don’t fantasize about doubling by bottom-fishing. Most “bottoms” are traps.
8️⃣ After profit and loss, review with a clear mind
Regardless of how much you earn or lose, take some time to calm down, review gains and losses, reorganize your thoughts, and then take action again. This will lead to a higher win rate in the future.