In the cryptocurrency market, remember these seven mantras!!!
1. Be patient and wait for consolidation: When the market is stagnant, don't make rash moves; after consolidation, the market will change.
2. Don't cling to short-term hot spots: When popular positions are heavily traded, once the hype is gone, funds will withdraw. Frequently change positions to manage risk.
3. Hold steady during the acceleration phase: When the K-line moves slowly upwards, with high opening and large volume, the acceleration phase has arrived; hold onto your coins for profit.
4. Exit after a massive bullish candle: When a massive bullish candle appears, regardless of the price level, funds should decisively withdraw.
5. The moving average support level is the key buying and selling point: Moving averages and support/resistance levels must be executed even if mistaken.
6. Better to enter less than to enter too much: Prepare well before taking action; the cryptocurrency market is unpredictable, so proceed with caution.
7. Always respect the market and dare to forge new paths: Only by walking the road that others dare not take can you achieve excess returns!
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