Cryptocurrency veterans teach you 6 key principles, guiding you step by step to make profits!
【6 Key Survival Principles in Cryptocurrency】
(Insights from seasoned experts, avoid pitfalls after reading!)
1. Don't be timid when entering the market, but don't be reckless!
Test the waters with a small position, proceed steadily without rushing in, and don't go all in right away!
2. True value is seen in sideways markets!
Low-level sideways movement + new lows = great opportunity to buy!
High-level sideways movement + spikes = time to run away quickly!
3. How to handle volatile markets?
Sell on spikes, buy on dips!
Don't make random moves in sideways markets, a price increase could happen at any second!
Be cautious of sharp rises leading to sharp falls, always be ready to exit!
Slow declines? Buy in batches and wait for recovery!
4. Remember the principles for buying and selling!
Don't sell on spikes, don't buy on dips, and don't fidget in sideways markets!
Dare to buy during a big drop in the morning, sell quickly during a big rise in the morning!
Don't chase during big rises in the afternoon, wait for tomorrow during big drops in the afternoon!
Stuck in a loss and want to average down? Don't be greedy, exit to preserve capital!
5. Risk control is the first rule!
Full position trading = looking for death! Always keep half of your cash!
Sell half when prices rise 2-3 times, keep 10% to bet on the main upward wave!
When everyone goes crazy, quietly reduce your position and exit!
Losing control of your mindset = losing your account!
Chasing prices and panic selling is a major taboo!
6. A stable mindset leads to winning!
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