1. Skillfully use morning market trends: In the morning, the sentiment in the cryptocurrency market is the purest. If the price drops sharply, don't panic; this might be a good opportunity to pick up at a low price. If the price rises significantly in the morning, don't be greedy; take the opportunity to sell for profit and lock in your gains.
2. Grasp the afternoon strategy: If there’s a sudden surge in the afternoon, don’t let excitement cloud your judgment and blindly follow the trend; it’s mostly an illusion, and entering at a high can lead to losses. Conversely, if there’s a significant drop in the afternoon, keep your composure, observe for a while, and look for a low point to enter the next day, which can often yield cheaper chips.
3. Maintain a steady mindset during declines: If you wake up in the morning to see a significant drop in cryptocurrency prices, don’t rush to cut losses. The market changes rapidly, and early morning fluctuations can often be deceptive; if the market seems stagnant and uneventful, don’t rush in either. It may be better to take a break, conserve your energy, and wait for opportunities.
4. Strictly adhere to trading principles: If the cryptocurrencies you hold haven’t reached your expected high, don’t sell easily; making a small profit can still be a loss. If the price hasn't reached your psychological threshold, refrain from buying impulsively to avoid catching the bottom at the wrong time. During sideways phases, when the trend is chaotic and direction unclear, trading is akin to a blind person touching an elephant; it’s better to observe from the sidelines.
5. Operate based on candlestick patterns: Buying on bearish candlesticks and selling on bullish ones is a classic strategy. A bearish candlestick indicates a price correction and cheaper chips, making it a good time to buy; a bullish candlestick signals the formation of a short-term uptrend, so selling at a high ensures you lock in profits.
6. Use contrarian thinking to break the deadlock: To stand out in the cryptocurrency world, sometimes you need to go against the grain. When everyone is enthusiastically chasing after something, remain calm; when others are panicking and selling off, be bold and dare to operate contrarily. This way, you can find niche opportunities for wealth outside the mainstream wave.
7. Endure the trials of consolidation: When prices consolidate for an extended period at either high or low levels, it can be very frustrating. At this time, don’t let anxiety drive you to act impulsively; exercise patience and composure. Wait for the trend to become clear—whether it’s going up or down—before making a decisive move.
8. Catch the tail end of a rally: After a long period of sideways movement at a high level, if the price starts to surge again, don’t hesitate; this is likely the final frenzy. Sell in a timely manner to secure your paper profits, or they may slip away, and you could lose a cooked duck.
