Cryptocurrency trading mantra
1. Patiently wait for consolidation: Do not act rashly during sideways markets; once the consolidation is over, the market will change.
2. Do not cling to short-term favorites: Popular positions are often speculated upon; when the heat is gone, funds withdraw, frequently changing positions to mitigate risk.
3. Steadily hold during the acceleration phase: The candlestick gradually rises, with a high opening bullish candle and large volume; the acceleration phase has arrived, hold steady for profits.
4. Exit after a huge bullish candle: Once a huge bullish candle appears, regardless of whether it is high or low, funds decisively withdraw from the market.
5. The moving average support point is the key buying and selling point: Moving averages and support/resistance levels must be acted upon, even if they are wrong.
6. Better to enter less than to enter too much: Prepare well before taking action; the cryptocurrency market is unpredictable, so be cautious when entering.
7. Always respect the market and dare to carve out new paths.
Only by walking the path that others dare not take can one achieve extraordinary returns!
I am analyst Xiao Xu, willing to use my experience and lessons to help you take fewer detours and double your assets!
