Whether you are a novice or an expert, these eight iron rules can help you navigate the market more steadily.
Do not become too attached to hot coins; profits from altcoins should be swapped in a timely manner. Altcoins cannot rise indefinitely; once they reach a certain height, it's time to switch. If you want to enjoy the entire journey from start to finish, you will most likely be "brought back to square one" and end up wasting your efforts. For example, FIL and LUNA from previous years are the best examples.
When prices consolidate at a high level and then push higher, seize the opportunity to sell; when prices consolidate at a low level and reach new lows, good opportunities are likely to appear. Be cautious of major players inducing buying when prices break new highs after a consolidation at high levels; if you need to reduce your holdings, do so decisively. Conversely, if prices break previous lows but quickly recover after consolidating at low levels, it may be the last shakeout by major players; at this point, maintain your confidence and do not waver.
When market conditions are poor, prices may rise against the trend; a small rise against the trend may lead to a large rise. When market conditions are good, prices may slightly decline against the trend; a small decline against the trend may lead to a large drop. In a bearish market, coins that can withstand declines often have potential; in a bullish market, coins that fall instead of rise should be approached with caution.
Only add to your position when you are making money; do not average down when losing. This may break the common perception of many: position management should involve increasing your stake when the price breaks previous highs and confirms an upward trend, rather than continuously averaging down during a decline. Remember this phrase: cut losses and let profits run.
As long as you identify the bottom price, it generally rises in a 2:1 ratio. At this time, do not doubt; it is often a normal washout during the early stages of a trend. Especially before a major upward wave arrives, it's common to see simultaneous price increases and washouts; do not exit easily.
Top-tier players first look at sectors, second-tier players only look at individual coins, third-tier players look at indicators, and low-tier players only gamble. When we buy a certain coin, we should first pay attention to the sector; focusing on hot sectors increases the win rate, and then look at the token itself. Those who enter solely based on indicators are novices, while those who look at everything are gamblers.
Indicators change with volume and price; thus, volume and price are the roots of indicators. Ignoring volume and price while relying on indicators will only leave you frowning in confusion. True technical analysis requires observing volume and price; price increases need substantial capital to drive them.
Today's focus: OG EPIC ALPHA
