AZM

There is a very foolish method for trading cryptocurrencies, but this method can almost consume all profits, so take your time to learn. First of all, when trading cryptocurrencies, we should never do three things.
The first thing is to never buy when the price is rising; be greedy when others are fearful and fearful when others are greedy. Get into the habit of buying when the price is falling.
The second is to never use leverage.
The third is to never go all in; going all in makes you very passive, and the market is never short of opportunities. The opportunity cost of going all in can be very high.
Additionally, here are six rules for short-term cryptocurrency trading:
The first is that after the price consolidates at a high level, there is usually a new high. Conversely, after consolidating at a low level, there is often a new low. Therefore, wait until the direction of the trend is clear before taking action.
The second is to avoid trading during sideways movement; most people lose money in cryptocurrency trading because they fail to adhere to this simplest principle.
The third is when selecting candlestick patterns, buy when a bearish candle closes and sell when a bullish candle closes.
The fourth, when the downtrend slows, the rebound will also be slow; a downtrend will accelerate the rebound.
Fifth, use the pyramid buying method to build positions; this is the only constant in value investing.
The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there is no need to sell everything at a high price, nor is it necessary to buy everything at a low price. Because after consolidation, a trend change is inevitable. If the price changes downward from a high, then you need to clear your positions in time. In short, you need to act promptly