The Secrets Behind the Volatile Rise and Fall in Cryptocurrency: 8 Essential Trading Techniques!

After years of navigating the cryptocurrency space and experiencing countless storms, the following eight trading rules summarize the core of succeeding in the crypto market, helping you secure your winnings!

Seize Opportunities During the Early Morning

The cryptocurrency market is most volatile in the early morning; don't panic when prices drop, as it could be a chance to grab a bargain. If the market rises, don't be greedy; sell quickly to lock in profits.

Act Rationally in the Afternoon

Don't follow the crowd when there's a big afternoon surge; it's usually just a bubble. If there's a significant drop, stay calm and wait for a low entry point, as you can often acquire assets at a lower price.

Don't Rush to Cut Losses During a Downturn

When you see a significant drop in prices, don't rush to stop-loss. Market fluctuations are swift and often just an “illusion” from the morning; during calm periods, don't panic; be patient and wait for opportunities.

Strictly Execute Trading Rules

Don't sell if the cryptocurrency hasn't reached your target price; a small profit is still a loss. If it hasn't dropped to your expected bottom, don't buy blindly. It's best to remain observant during sideways markets and avoid blind trading.

Operate According to Candlestick Patterns

A bearish candlestick indicates a pullback, making it a good time to enter at a lower price; a bullish candlestick signifies a short-term upward trend, so sell high to secure profits.

Break the Mold with Contrarian Trading

Sometimes in the crypto space, you need to trade contrarily: stay alert when everyone is chasing prices up and be brave to enter when panic selling occurs. Going against the tide often reveals opportunities for wealth.

Be Patient During Consolidation Phases

When prices are consolidating for a long time, stay calm and patiently wait for clear signals before acting; the eventual trend will become apparent.

Seize the Opportunity During Price Spikes

After a long period of sideways movement, once prices surge significantly, sell quickly; this is typically the last frenzy. It’s fleeting, and if you miss it, you won't get it back!

These trading techniques will help you progress steadily in the cryptocurrency space, avoiding blind following and enabling precise actions.