Trading cryptocurrencies is really just that simple. Once you recognize it, the next step is execution. If you carefully follow these 6 points, your wealth will continue to grow!

1. Trend is King

The trend is the core of profit; without a trend, there is no profit effect. Large funds often only engage in trending markets; if there is no suitable trend, they would rather stay in cash and observe or only use small amounts to test the waters.

2. Carefully Select Strong Coins

Choosing coins directly relates to success or failure. Strong coins usually present a one-sided oscillating upward trend, characterized by significant price increases and small pullbacks. Selecting the right coin is crucial to seizing profit opportunities.

3. Patiently Wait in Cash

Do not blindly chase high prices; patiently wait for the bottom or a temporary bottom opportunity. Conduct in-depth research before entering, carefully select coins with strong trends and good technical patterns, and stay away from weak coins.

4. Firmly Hold Positions for Gains

After buying, firmly hold your position until a top pattern appears, and do not be swayed by short-term fluctuations. Only consider exiting when a clear top signal emerges.

5. Abandon Tail Risks

When the price rises to a relatively high level, decisively take profits. Tail risks increase as prices rise; timely profit-taking is necessary to lock in gains.

6. Timely Cash Out

Convert the profitable portion of stablecoins into fiat currency in a timely manner, ensuring sufficient cash flow to support your life and achieve a balance between investment and living.

$BTC