After countless ups and downs, I have summarized the insights of these years into eight maxims to help you see through the ups and downs of the currency market:



1. Make good use of the morning market: In the morning, it is the purest time for market sentiment. If the price takes a nosedive, don't panic, this may be a good opportunity to buy at a low price; if it keeps rising in the morning, don't be greedy, take the opportunity to sell and lock in profits.
2. Grasp the afternoon strategy: If there is a big pump in the afternoon, don't be impulsive and follow the trend. It is mostly a false fire, and dumb buying at a high level is prone to stand guard; on the contrary, if there is a big drop in the afternoon, you can stay calm and observe, and find the low point the next day before getting on board, often able to harvest low-priced chips.
3. Stay calm in the face of a decline: when you wake up in the morning and see a big drop in the coin price, don't rush to Cut Lossstop loss. The market changes rapidly, and the early fluctuation is often a 'deception'; if the market is stagnant and there is no fluctuation, don't rush, take a break, and wait for an opportunity.
4. Adhere strictly to the trading rules: if the coin in hand has not risen to the expected high level, do not easily dump it, as earning less is still losing; if it has not fallen to the psychological price level, hold back from buying rashly to avoid buying the dip at the mid-point; as for the Sideways phase, where the trend is chaotic and the direction is unclear, trading at this time is undoubtedly like a blind man touching an elephant, and it is better to observe from the sidelines.
5. According to the Bearish line operation: buy when the Bearish line, sell when the Bullish line, can be called a classic strategy. The current Bearish line means a pullback in price and cheaper chips, which is a good time to buy; the Bullish line indicates the formation of a short-term uptrend, and selling at a high point is safe.
6. Thinking outside the box: To stand out in the crypto world, sometimes you have to go against the grain. When everyone is fervently chasing, be a bit more calm; when everyone is panicking and dumping, be more courageous and dare to operate in a contrarian way, in order to find niche opportunities for getting rich outside the mainstream tide.
7. Hold on during consolidation: When the price consolidates at a high or low level for a long time, it can be frustrating. At this time, don't let anxiety drive you to act rashly. Be patient, stay calm, and wait for the trend to become clear. Once it is clear whether it will rise or fall, then go all in.
8. Seize the tail of the high rise: After a long period of Sideways at a high level, once again exerting force to rise, don't hesitate, this is probably the final frenzy. Dumping in time, hold the actual profits in hand, otherwise it will be gone in a flash, and the cooked duck may fly away.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Aaron6vip
· 2024-12-08 16:26
Collected pro
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)