1️⃣ Don't be envious when seeing altcoins surge; many people made money on coins like FIL and LUNA back then but ended up losing everything. Withdraw your profits and don't wait until the bubble bursts to realize your mistake!
2️⃣ Don't chase after a coin when its price has skyrocketed; wait until it stabilizes at the bottom before buying. Coins that are flat during a downturn might be potential stocks, while those that are flat during a boom might lead to losses.
3️⃣ Don't sell good coins easily when they start to rise; it's normal for them to go up for two days and then drop for one. The main players shake out the weak hands to get you off the ride; holding on is key to enjoying the big gains!
4️⃣ When prices are rising, look for support levels to buy low; when prices are falling, look for resistance levels to exit. Following the trend is much more sustainable than going against it!
5️⃣ Before buying coins, check which sector is the hottest; betting on a single coin can lead to missed opportunities. Trading volume and technical indicators are the guiding signs; follow where the funds flow.
Summary: The cryptocurrency world is not short of stories of getting rich quickly, but those who survive are all seasoned players who prioritize stability. Don't always think about going all in; a steady approach is the right path.
