The dumbest yet most stable way to trade cryptocurrencies actually boils down to six rules. Remember them, and you'll earn more by living longer.
Six Short-term Trading Strategies:
🔹 High-level consolidation often leads to new highs, while low-level fluctuations are likely to test the bottom again.
🔹 Do not operate during sideways market; wait for direction confirmation before acting.
🔹 Enter on a bearish candle, exit on a bullish candle, watch the K-line to set the rhythm.
🔹 Slow decline, quick rebound; sharp decline, fast rebound.
🔹 Build positions using the pyramid method, add more as it drops.
🔹 After consecutive ups and downs, it mostly consolidates; after a long period of consolidation, it must change, keep an eye on the direction.
Move less, take it slow, focus on logic, and don't treat opportunities as a passion to be recklessly pursued; Cryptocurrency Trading is essentially a test of endurance.