In the cryptocurrency world for many years, I have summarized a few practical methods and techniques to share with everyone!
1. Leverage the Morning Market
The morning session reflects the “true color” of market sentiment: don’t rush to cut losses during a sharp drop, it may be a good opportunity to “pick up bargains”; don’t be greedy when the market opens high and rises, securing profits is more prudent—if the morning surges sharply, there is often hidden risk in the pullback.
2. Distinguish Reality from Illusion in Afternoon Volatility
Afternoon surges often contain “virtual fire,” chasing highs can easily turn you into a “bag holder”; if there is a sharp drop in the afternoon, it’s wise to observe the situation and consider positioning at lower levels the next day, as low-priced chips are often hidden in the pullback.
3. Don’t Panic During Morning Fluctuations
Encounter a big drop when you open your eyes? Don’t rush to cut losses! Morning fluctuations are often a “confusion trap,” reversals may occur at any moment; if the morning is stagnant, it’s better to temporarily leave the market—operating without fluctuations is akin to giving transaction fees to the exchange.
4. Trading Discipline Determines Life and Death
Selling before reaching the target price leads to smaller gains and is still a loss; buying before hitting support levels can result in becoming a “halfway bag holder.” The sideways phase is the most chaotic, trading at this time is like “blind shooting,” control your hands and wait for the direction to become clear before acting.
5. Yin-Yang Candlestick Holds Secrets
Buy on bearish candles, sell on bullish candles—classics never go out of style: a bearish candle represents “chip discount,” if you don’t enter now, when will you? A bullish candle is a “short-term emotional peak,” securing profits is the wise choice.
6. Seek Opportunities Through Contrarian Operations
When others are greedy, I remain cautious; when others panic, I remain calm. Staying composed during market frenzy can yield returns, and daring to position when the community is bearish—niche opportunities often lie within “contrarian consensus.”
7. Cultivate Patience During Consolidation
High-level consolidation and low-level fluctuations test one’s mindset the most. The more anxious you are, the more mistakes you make; better to observe the changes—wait until the breakout signal is clear (volume increase or breakdown), then decisively strike, doubling your chances of winning.
8. Be Decisive at the Peak
A sudden surge after a period of high-level consolidation? It’s often “the final revelry”! Don’t hesitate, sell first as a respect—realizing profits is what matters, greed will only leave your gains “in vain.”
