Seven Key Principles for Trading Coins, Remember!!!
1. Be Patient During Consolidation: When the market is sideways, don’t move around; once the consolidation is over, the trend will change.
2. Don’t Get Attached to Short-Term Hot Picks: Popular positions are heavily speculated; when the heat is gone, funds will withdraw, so frequently change positions to avoid risks.
3. Hold Steady During Acceleration: When the K-line slowly rises, with a high opening bullish line and large volume, the acceleration has arrived; hold onto your coins to reap profits.
4. Exit After a Massive Bullish Line: When a huge bullish line appears, regardless of high or low positions, funds should decisively withdraw.
5. The Support Level of the Moving Average is the Key Buy/Sell Point: The moving average and support/resistance levels must be executed even if wrong.
6. Better to Enter Less Than to Overtrade: Be prepared before taking action; the crypto market is unpredictable, so entry should be cautious.
7. Always Respect the Market, But Also Dare to Explore New Frontiers: New challenges bring new opportunities.
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