$ASTER Cryptocurrency veteran teaches you: 30-minute candlestick charts are even more thrilling than daily candles!
In the cryptocurrency space for twelve years, I always recite these rules before entering the market, and it's these few principles that have helped me survive numerous market crashes.
Today, I'm sharing them with you, hopefully to help you avoid some pitfalls.
$币安人生 1, just focusing on daily charts is not enough; short-term trading must also consider 30-minute charts.
Don't just look at the daily candles and think there are no opportunities; many candlesticks with long upper shadows may look like they are going down, but if you pull up the 30-minute view, the structure is completely different.
The next day, a direct reversal leading to a big bullish candle happens like this.
For short-term trading, small cycles must resonate with the larger market; only then is it worth taking action.
2. If the trend is wrong and the order is chaotic, even a glance can be a mistake.
If the direction is off and the structure is damaged, don't force it.
Trading with the trend is a hard rule; once the market's rhythm is disrupted, your operations will only become increasingly erroneous.
3. Do not trade if you are not in hot or potentially hot markets.
Without themes, attention, or liquidity, no matter how good the technique is, it's all in vain.
4. Keep all impulses in check.
Execute your plan and do not let the market lead you astray.
Entering the market without a plan is basically an emotional trade.
5. Don't treat others' opinions as gospel.
Anyone's views should only be taken as references; ultimately, you must rely on your own analysis and judgment.
6. First determine the direction, then choose the coins.
If the direction is correct, any trade will succeed; if the direction is wrong, no amount of effort will help.
7. Buy coins that are currently rising; do not try to guess the bottom.
Many people like to wait for "an imminent rebound," but the longer they wait, the lower the prices go.
Prices always move toward the direction of less resistance; buying during an upward trend is the way to go, saving effort and increasing win rates.
8. After a big gain or loss, you must be calm and hold cash.
Stop to reassess the market and yourself.
Clarify why you gained or lost before continuing to trade.
In my years of experience, after a big gain or loss, taking a moment to hold cash and reset my mindset can improve the accuracy of subsequent decisions by 90%.
I was once the one stumbling in the dark, but now the light is in my hands and it’s always shining. Will you follow or not???
