Only masters in the crypto world understand wealth knowledge; these eight key phrases must not be missed.
1. If you're stuck, average down to protect your capital; hoping for profits is greed.
When trading cryptocurrencies, there will always be a few coins that get stuck. At this time, remember not to fantasize about turning losses into profits; being overly eager will only lead you deeper into trouble. Honestly average down to protect your capital, so you can sustain in the long run.
2. A calm surface hides great waves; beware of the turbulent tides ahead.
The crypto market may seem calm on the surface, but there are undercurrents. Do not be deceived by the small gains in front of you; stay alert and guard against the upcoming volatility.
3. After a big rise, there must be a correction; the candlestick chart draws a triangle over several days.
When the price of a coin skyrockets, don’t let your guard down. Because after that, a correction is inevitable. Look at that candlestick chart; isn’t it drawing an equilateral triangle over several days?
4. Buy on the way down, not on the way up; sell on the way up, not on the way down; going against the market makes you a hero.
When buying coins, choose the time when they are declining; when selling coins, do so when they are rising. By going against the trend, you can achieve unexpected victories.
5. Don’t sell when prices are high; don’t buy when prices are plunging; don’t trade when prices are flat.
Do not rush to sell when prices are high, and do not rush to buy when prices are plunging. During flat periods, you must control your actions and watch the changes.
6. In an uptrend, look for support levels; in a downtrend, look for resistance levels.
When the price of a coin is rising, focus on support levels to prevent pullbacks. When the price is falling, pay attention to resistance levels to find buying opportunities.
7. Over-leveraged trading is a big taboo; stubbornness is not advisable; understand when to stop amid constant changes; entering and exiting freely requires observation.
Do not engage in over-leveraged trading or go all in. The crypto market is unpredictable; know when to take profits and enter and exit freely. By watching the changes calmly, you can seize the best opportunities.
8. Trading cryptocurrencies is all about mindset; greed and fear are major harms.
Be cautious when chasing rises and falls; a calm and peaceful mind brings ease. When trading cryptocurrencies, mindset is crucial. Greed and fear are our biggest enemies; avoid chasing prices and maintain a peaceful mindset. $BTC #美联储回购协议计划
