1. Make good use of morning market conditions: in the morning, the sentiment in the crypto market is very pure. If prices plunge significantly, don't panic; this may be a good opportunity to 'pick up the bargains'; if the morning sees a surge, don't be greedy; take the chance to realize profits and lock in gains.
2. Gauge the afternoon strategy: if there’s a sudden spike in the afternoon, don’t get carried away and follow the crowd, as it’s often just a false rally, and buying at high levels can lead to losses; conversely, if the afternoon sees a downturn, it’s wise to stay calm, observe for a while, and look for a low entry point the next day, which often yields rewards.
3. Maintain a steady mindset during downturns: when you wake up in the morning to see prices falling, don’t rush to cut losses; the market changes rapidly, and early market fluctuations are often 'smoke and mirrors'; if the market is stagnant and shows no movement, don’t fret too much, take a break, conserve your energy, and wait for opportunities.
4. Strictly adhere to buying and selling principles: if the cryptocurrency you hold hasn't reached your expected high, don't sell easily; earning less is still a loss. If it hasn't dropped to your psychological price point, don’t rashly jump in, to avoid catching a falling knife; during consolidation phases, where trends are chaotic and direction is unclear, trading is undoubtedly like a blind person trying to touch an elephant; it's better to just observe.
5. Operate based on candlestick patterns: enter on a bearish candle and exit on a bullish candle, a classic strategy. A bearish candle indicates a price correction, making oil cheaper, which is a good time to buy; a bullish candle suggests a short-term upward trend, so take profits when prices are high.
6. Breakthrough with reverse thinking: to stand out in the crypto world, sometimes you need to go against the crowd. When everyone is fanatically pursuing something, be a bit more calm; when everyone is in panic selling, be bold and dare to take a contrarian approach to find niche opportunities for wealth outside the mainstream trend.
7. Endure the agony of consolidation: prices consolidating at high or low levels for a long time can be torturous. Don't let anxiety drive you to act impulsively. Stay patient and calm; wait until the trend becomes clear, whether it is going up or down, then make your move with full force.
8. Seize the tail end of a surge: after a long period of sideways movement at high levels, once it starts to surge again, don’t hesitate; this is likely the last frenzy. Sell in time to secure your profits, otherwise, they could vanish quickly, and a cooked duck might just fly away.
In the end, there are no 'natural experts' in the crypto world. Everyone seems like a god in a bull market, but the true skill shows in a bear market. It's not about who is smarter, but rather who can continue to learn and adapt. Trading cryptocurrencies is not about relying on luck; it's a comprehensive test. Can you maintain your mindset? Have you planned ahead? In critical moments, can you refrain from acting? Seizing opportunities is good, but it mustn't be impulsive. Risk control is the bottom line; don't let your account die in your hands. Every major rise and fall is the market asking you: Are you ready? The ones who can go far are those who remain rational amidst turbulence and stay clear-headed in the face of FOMO.
