In the waves of the crypto space, even small players have the chance to make a remarkable turnaround within two months! As long as you grasp the following key points, you can find your opportunities in the market.
1. Four 'no-go zones' that must not be touched.
Do not engage in short-term trading: Short-term fluctuations are intense, making it difficult for small players to grasp accurately, and they are prone to fall into the trap of frequent trading, increasing risks and costs.
Do not participate in contract trading: Contracts come with leverage, which is extremely risky. If the judgment is wrong, it may face huge losses or even liquidation.
Avoid NFTs if possible: The NFT market is highly volatile, liquidity is unstable, and value assessment is complex, making it too uncertain for small players.
2. Four 'iron laws' that must be followed.
Be clear about your position in the market cycle: Understanding which stage the market is in (bull or bear) can help you make decisions that align better with the overall trend.
Do not let short-term price fluctuations affect you: Short-term volatility is the norm; if you frequently operate because of this, you are likely to miss out on real opportunities.
You must work hard to learn and research the basic situation of projects: Others' analyses can only serve as reference; understanding the project in-depth is necessary to assess its true value.
You must adhere to a mid-to-long term value investment concept: In the long run within the crypto space, quality projects will gradually reveal their value, and mid-to-long term investments are more likely to yield considerable returns.
3. Focus on swing trading, clarify the situation before taking action.
Focus only on large swings; small swings can be ignored. Specifically:
For varieties with a market value of less than 5 million, when the weekly line rises more than 10 times, slowly clear out your position.
For those with a market value between 5 million and 50 million, if the weekly line has risen more than 300%, a large amount should be sold.
For those with a market value exceeding 50 million, if the weekly line rises more than 200%, a large amount should also be sold, then wait for a suitable low point to buy back.
4. Grasp entry and exit timing; low buy and high sell are key.
Entry timing: Try to participate in early-stage, low market value, unnoticed, illiquid varieties that are not yet listed on major exchanges. These varieties often have significant growth potential.
Selling timing: When big V's are recommending, the community is discussing passionately, and Twitter is analyzing, plus the weekly line is a large bullish line with too high a rise, then it’s time to consider selling.
In short, remember the principle of 'buy when no one is paying attention, sell when everyone is discussing it passionately.'
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