Nine Things You Must Understand About Cryptocurrency and the Ultimate Realm.
Nine things you must understand in the crypto world.
First, when there is a continuous drop during the day in the domestic market, the best time to buy is after 9:30 PM. After a significant drop during the day, around 9:30 PM is often when the overseas market starts to rally, so seize this opportunity to buy at the bottom.
Second, do not chase after a price increase during the day, as there is a high probability of a pullback at night; be cautious when chasing highs.
Third, the key signal for buying or selling is a spike; the deeper the spike, the stronger the signal to buy or sell.
Fourth, positive news fully priced in is negative. Before major meetings or the release of good news, the price usually rises, but often falls after the news is out.
Fifth, be cautious with community recommendations; reverse operations are often safer. When a community or group chat wildly recommends a certain cryptocurrency and talks about it enthusiastically, it is likely a trap, and reversing your position might be wiser.
Sixth, overheating means short. If a particular cryptocurrency is being overly hyped, consider shorting it; the higher the hype, the greater the risk of a pullback.
Seventh, if a community member recommends a cryptocurrency that you are not interested in, it might actually be an opportunity; consider trying it with a small amount of capital.
Eighth, heavy positions lead to liquidation. When you hold a large position, the risk of liquidation is extremely high because exchanges will pay close attention to you, and large holdings can easily become targets for liquidation.
Ninth, prices will drop after a stop-loss. When your short position triggers a stop-loss, the price often falls because the market will not let you escape easily, and the downward trend will not end easily.
In summary: Never play with contract leverage, and don't rush to the top floor; in life, everything can be restarted, so do not be overly greedy.
Hold onto your high-quality assets like Bitcoin and maintain a good mindset; slow is fast, and fast is slow. The ultimate realm of trading is to have no attachment to currencies, simple and pure.
