Trading cryptocurrencies is inherently complex, yet there are underlying patterns to follow.
1. The situation is divided; observe changes
In the crypto world, situations change rapidly, and the Eurozone tends to follow trends. When the market is unclear, avoid jumping in immediately. Patiently wait and observe market dynamics; only act when the situation is clearer to ensure safety and stability.
2. Hot positions; quick decisions
Popular cryptocurrencies often shine brightly like meteors; you need to stay highly alert and monitor market trends. Once the popularity decreases, act decisively to avoid being trapped. Quick decisions are essential to seize opportunities.
3. When prices rise sharply, stay steady and wait for a lower entry point 167👉🏎️
When the K-line opens high and trading volume increases, it's a signal for accelerating market trends. At this time, you need to remain calm, hold your position, and wait for the price to soar. Don't miss opportunities out of greed.
4. Large bullish candles; retreat in time
Regardless of whether the price is at a high or low, once a large bullish candle appears, it often indicates an impending correction. You need to adjust quickly to protect your profits and avoid losses.
5. Moving average support; trading skills
Learn to observe moving averages, support levels, and resistance levels; this is basic skill in cryptocurrency trading. The daily moving average is your offensive line. Based on the support situation of the moving averages, trade reasonably, and short-term operations should last from three days to one week.
6. Don't chase or sell, don't jump or buy
This is the golden rule of the crypto world. When prices are rising weakly, be cautious about selling blindly; when prices stabilize after a decline, consider buying again. Following this rule will help you avoid detours and achieve new profits.
7. Enter in batches; quality purchases
Avoid investing all your funds at once in cryptocurrency trading. Enter in batches to reduce risk and seize more opportunities. Before buying, make sure to prepare thoroughly, clarify your buying reasons, operational strategies, and response measures. $BTC