Practical tips for trading cryptocurrencies, remember these points and you won't go wrong.
Let's get straight to the point, remember 'Don't enter when encountering six, don't let go when encountering four', avoid pitfalls!
Don't enter when encountering six, just avoid it.
Continuously dropping, hasn't stabilized even at the 60-day moving average, let's not touch it for now🙅♂️! Follow the market trends, if it keeps falling, just wait and see when it turns around.
Good news usually comes after the rise, don't buy! When good news arrives, it's often a signal to sell, the main force might be ready to cash out😮.
The rise is too sharp all of a sudden, far from the 5-day moving average, don't chase! Rapid increases come with high risks, chasing highs can easily lead to being trapped📉.
When the price suddenly jumps high, don't take risks! High gap risks are not small; it may be that the main force is quietly offloading💨.
If the turnover rate exceeds 30%, let's avoid it for now! High turnover indicates fierce battles between bulls and bears; it's better to stay away from this volatile market.
If the overall environment is bad and still trying to hold on, don't be fooled! If the market is poor but still trying to push up, it's mostly a 'sleight of hand'❌.
Hold on firmly, it's more reassuring.
If the RSI is between 50 and 80, keep holding✅! This range indicates that the asset still has strength, and holding is likely to earn more.
If it jumped up from a low position, don't rush to sell! A gap up indicates a strong bullish momentum; see if it can continue to rise📈.
If the trend is upward, hold on tight! Follow the trend; the longer you hold onto a rising asset, the more you earn💰.
If the chips are concentrated in one place, don't sell easily! When the chips pile up, the main force may still want to push the price higher, waiting for a peak to act is not too late.
To be honest, doing this still requires following the rules; you can't rely solely on feelings; being steady is the most reliable!
