Xiao Bai's cryptocurrency journey from tens of thousands to 8 million! 6 practical tips to avoid pitfalls and find the right path quickly! 💥
Trading cryptocurrency is not about getting rich by luck, but about honing skills and cultivating a mindset. Today, I will share 6 practical insights gained from real experiences to help you quickly find the right direction!
1. Don't panic during sharp rises and slow declines; it's the dealer accumulating positions and washing the market. The top often sees "violent surges + waterfall declines";
2. Be cautious during sharp declines and slow rises; it’s likely the dealer is luring in buyers to escape, don't blindly bottom-fish and step into traps;
3. Volume at the top is not necessarily a signal to escape; there may be a second wave, while low volume at high levels is a precursor to a crash;
4. Don't rush into a single large volume at the bottom; continuous volume after a period of low volume and sideways movement is a reliable signal for building positions;
5. Understanding volume is key to understanding the market; low volume means caution, while increased volume indicates funds entering, revealing market sentiment;
6. Masters cultivate the "three no's": no obsession, no greed, no panic; maintaining a steady mindset is essential for survival!
The market is not wrong; the mistakes lie in judgment and execution. Experts in the crypto world do not make precise predictions, but maintain their mindset to reach profitability! Follow Da Yan and use the right methods to embark on your path to success in cryptocurrency～
