Whether it's a bull market or a bear market, whether you are a novice just starting out or an experienced trader, as long as you make good use of these 【10 Rules for Trading Coins】, it is not a fantasy to multiply your investment by 30 times in a month!
Rule 1: Recognizing Trend Reversal Signals
In a downtrend, if there are three or more consecutive bullish candles, or if the bearish candles in an uptrend do not exceed three in a row, this could be a warning signal for a trend reversal, so pay close attention. #CryptoCircle
Rule 2: Guide to Breakout Operations
In a fluctuating market, when price stabilizes while volume increases, a major breakout often follows. In terms of operation, you can buy on dips, waiting for two consecutive bullish volumes to exceed previous bearish volumes before entering early to seize the opportunity.
Rule 3: Holding Strategy in a Strong Market
The holding strategy in a strong market is very simple: as long as the daily line does not fall below the rising moving average, hold firmly. Do not be disturbed by technical indicators, especially in a high-positioned dull state, to avoid getting off too early.
Rule 4: K-Line Combination Analysis Techniques
A medium bullish candle paired with two doji candles usually indicates a continuation of the upward trend, which is a typical bullish pattern for strong coins; once discovered, it can be actively followed.
Rule 5: Unconventional Market Psychology
The market often goes against the majority opinion. Smoke screens released by the main force and market tops often appear when everyone is optimistic; it is essential to maintain independent thinking and contrarian thinking.
Rule 6: Key Points for Using KDJ Indicator
When encountering consecutive large bearish candles, if the KDJ's J line is below -12, it indicates that a short-term rebound is about to come. At this time, do not rush to operate; wait for the rebound to appear before making a judgment to avoid blindly bottom-fishing.
Rule 7: Key Features of Bullish Breakout Candles
During an upward breakout, a bullish candle turnover rate of around 8% is considered a healthy attack volume. If the turnover rate is too high or too low, it may trigger a correction, so be cautious.
Rule 8: Core Principles of Risk Control
Never operate with a full position; always leave some room. Market risks are everywhere, and acting cautiously will give you space to correct mistakes and keep your principal safe.
Rule 9: Essential Mindset for Emotion Control
When trading coins, maintain a calm and rational attitude, and correctly address market fluctuations. Never let emotions dictate your decisions; a stable mindset will take you far.
Rule 10: The Path of Learning and Communication for Growth
Do not be isolated in your own world; communicate and share with other traders. Even if the other person's opinion is wrong, it is still valuable experience on your growth path. Everyone improves together to move more steadily in the crypto circle.
The above 10 rules have all been validated by my real investments in the market. I recommend that everyone study them repeatedly and keep them in mind. I believe that as long as you master their application, your trading skills will surely improve dramatically!
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