Buddies!
To make money in cryptocurrency trading, remember one word: wait!
Only make a move when the price drops.
Many people buy and the price drops; chasing highs can easily get you trapped. Enter the market again when the price has dropped; the sharper and longer the drop, the safer it is!
Six practical cases of "waiting"
1️⃣ Don't panic during a big drop: For example, Bitcoin once dropped 20% in a short time. Don’t rush to go all in; first enter with 30% of your funds, and if it continues to drop, you can add more later.
2️⃣ Take profits: If Dogecoin suddenly surges 30% one day, don’t be greedy! Take half of your profits first, and sell the rest later based on the situation.
3️⃣ Spot the trend: When Bitcoin's 5-day moving average crosses above the 10-day moving average and the price stays above the averages, it indicates a clear upward trend.
4️⃣ Volume is key: XRP usually has a daily trading volume of $1 billion, but if it suddenly spikes to $3 billion one day, and the price rises as well, it’s safer to follow in.
5️⃣ Seize the moment: After Ethereum consolidates for a month, if it suddenly breaks out above the range, enter decisively; or if it falls below support, cut your losses in time.
6️⃣ Sell ahead of good news: Before a coin announces its listing on a major exchange, sell in advance; there have been instances where a coin plummeted 40% after good news was announced!
Final reminder: Cryptocurrency trading is unregulated and the risks are extremely high! Don’t go all in; preserving your principal is the way to go! #以太坊的未来