1. Skillfully Use Morning Market Trends: In the morning, the sentiment in the cryptocurrency market is the purest. If the price drops significantly, don't panic; this might be a great opportunity to buy at a low price. If the price is soaring in the morning, don't be greedy; take the opportunity to sell and lock in profits.
2. Master Afternoon Strategies: If there is a sudden surge in the afternoon, do not let it cloud your judgment and chase after it; most of the time, it’s just a false rally, and buying at high levels is risky. Conversely, if there is a significant drop in the afternoon, you can remain calm and observe; often, waiting for the next day to find the right low point to enter can yield low-price assets.
3. Maintain a Calm Mindset During Downtrends: If you wake up to see a significant drop in cryptocurrency prices, do not rush to cut losses. The market changes rapidly, and early morning fluctuations are often a 'smoke screen.' If the market is stagnant and shows no signs of movement, don't rush; take a break to conserve energy and wait for opportunities.
4. Strictly Adhere to Buying and Selling Principles: If the cryptocurrencies you hold have not reached your expected high points, do not sell easily; making a small profit is still a loss. If the price hasn't dropped to your psychological price point, refrain from buying impulsively to avoid catching a falling knife. As for periods of consolidation, where the market direction is unclear, trading is undoubtedly like a blind man trying to touch an elephant; it’s better to observe from the sidelines.
5. Operate Based on Candlestick Patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction, making it a good time to buy; a bullish candle signals the formation of a short-term uptrend, so sell at a high to secure profits.
6. Breakthrough with Contrarian Thinking: To stand out in the cryptocurrency space, sometimes you need to do the opposite of what everyone else is doing. When the crowd is fervently chasing, maintain a bit of calm; when everyone is panicking and selling, be bold and dare to take contrarian actions to find niche opportunities for wealth outside of mainstream trends.
7. Endure the Pain of Consolidation: When prices consolidate for a long time at high or low levels, it can be very frustrating. During this time, do not let anxiety overwhelm you and act impulsively. Be patient and wait for the trend to clarify; once it’s clear whether it will rise or drop, then go all out.
8. Catch the Last Surge: After a long period of consolidation at high levels, once there is a renewed upward push, do not hesitate; this is likely the final frenzy. Sell in a timely manner to secure your profits; otherwise, you might miss the opportunity, and a cooked duck could just fly away.
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