$BULLA How to break even in the cryptocurrency market!
The eight key phrases of the cryptocurrency market, must-see for trading coins 🔥
Only cryptocurrency masters understand wealth knowledge; these eight key phrases are not to be missed.
1. Average down to break even; seeking profit is greed.
In trading coins, there will always be a few coins that get stuck.
At this time, remember not to foolishly think about turning losses into profits; seeking quick gains will only deepen your troubles.
Honestly average down to protect your principal, so you can sustain your investments.
2. A calm surface may hide turbulent waves.
The cryptocurrency market may seem calm on the surface, but there are undercurrents.
Do not be deceived by small price increases; stay alert and be wary of upcoming large fluctuations.
3. After a big rise, there must be a pullback; the K-line forms a triangle over several days.
When the price of coins skyrockets, do not be overly elated.
Because after this, there will inevitably be a pullback.
Look at that K-line; isn't it just an equilateral triangle drawn over several days?
4. Buy on the downside, not the upside; sell on the upside, not the downside; moving against the market is heroic.
When buying coins, choose to do so when the price is declining, and sell when the price is rising.
Going against the trend can lead to unexpected victories.
5. Do not sell when prices are high, do not buy when prices are low, and do not trade in a sideways market.
Do not rush to sell when prices surge, and do not rush to buy when they plummet.
During sideways trading, be even more disciplined and observe changes calmly.
6. In an uptrend, look for support levels; in a downtrend, look for resistance levels.
When coin prices rise, pay attention to support levels to prevent a pullback.
When coin prices fall, watch resistance levels to identify buying opportunities.
7. Over-leveraging is a major taboo; acting alone is unwise, and one must know when to stop amidst constant changes. Enter and exit freely while observing the market.
Do not over-leverage; avoid all-or-nothing bets.
The cryptocurrency market is unpredictable; understand when to take profits and enter and exit freely.
Observe changes calmly to grasp the best timing.
8. Trading coins is about mindset; greed and fear are great harms.
Be cautious when chasing price fluctuations; a calm mind is essential.
In trading coins, mindset is crucial; greed and fear are our greatest enemies, and one must avoid chasing highs and lows, maintaining a peaceful mindset.