Why is it that many people invest but are destined not to make big money?
It's simple: most people in investing and making money are driven by emotions rather than by the desire to make money.
Trading cryptocurrencies is just like that; once you understand it, the next step is execution. If you seriously focus on the following six points, your wealth will continue to grow!
1. Trend is King
The trend is the core of profitability; without a trend, there is no profit effect. Large funds often only engage in trending markets; if there is no suitable trend, they prefer to stay out and observe, or only use small amounts to test.
2. Carefully Select Strong Coins
Choosing coins directly affects success or failure. Strong coins typically show a unilateral upward trend with significant price increases and small pullbacks, and only by selecting the right coins can one seize profit opportunities.
3. Patiently Wait with Cash
Do not blindly chase high prices; patiently wait for the bottom or a temporary bottom opportunity. Conduct in-depth research before entering, and select coins with strong trends and good technical patterns while staying away from weak coins.
4. Firmly Hold Positions for Gains
After buying, hold firmly until a top pattern appears; do not be swayed by short-term fluctuations, and only consider exiting once a clear top signal is present.
5. Abandon Tail Risk
When prices rise to relatively high levels, decisively secure profits. Tail risk increases in such markets, and timely profit-taking can lock in gains.
6. Timely Cash Out
Convert the profitable portion of stablecoins into fiat currency promptly to ensure sufficient cash flow for life, achieving a balance between investment and life.
The cryptocurrency market is filled with uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the relevant risks, maintain calm and rationality, and adopt prudent strategies to cope with market changes!
The team is focused on Ethereum contract spot ambush, and there is still a position to jump in quickly #巨鲸动向 $ETH
