Newcomers entering the cryptocurrency space should not rush blindly! Especially for short-term trading, if you don't change this habit of opening positions, you will only lose more and more.

Many people get anxious and place orders as soon as they open the market, fearing that they will miss out on the opportunity, which is absolutely a big mistake!

I was like this when I first entered the market, I was anxious watching the fluctuations on the K-line, my mind was filled with 'if I miss it, I'll lose', and I didn't understand the meaning of waiting at all, even if I forced myself to wait, I couldn't figure out what level to wait for.

Today, using short-term cryptocurrency trading as an example, I will tell you what to wait for and how to find precise entry points.

The core of short-term trading focuses on three points:

First, closely watch the 1M, 5M, and 15M short-cycle charts that align with market volatility;

Second, simplify tools and focus on 1-3 core indicators, such as K-line patterns, EMA moving averages, and trading volume; having too many tools can be confusing;

Third, act quickly, with profit targets of 3-8 USD and strict stop-loss controls within 1-3 USD, while prioritizing watching the London session opening and other high-volatility periods.

Must-read to avoid pitfalls: Do not open positions in the first 5 minutes before non-farm payroll and CPI data, as there are risks of spread widening and slippage;

If losses exceed 2 USD, stop-loss immediately; do not let short-term trades turn into mid-term positions;

Do not go against the major trend, use the 1H cycle EMA to determine the direction; if bullish, only go long;

Limit daily trades to ≤5, and spend 80% of the time observing with no positions.

Final reminder: The win rate for short-term trading is generally 55%-65%, and the key to profit lies in a win-loss ratio of ≥1.5:1.

It is recommended to first backtest strategies using a demo account, and only trade live after stabilizing.

Short-term cryptocurrency trading is like dancing on the edge of a knife; trading discipline is your protective gear.

I, A Cat, have been trading live and do not engage in virtual accounts.

Currently, there are still vacancies in the team. Friends who want to thoroughly understand contract trading logic and break free from the curse of losses, let’s work together to earn certain profits @比特阿猫 .