There is a seemingly clumsy method in cryptocurrency trading that can capture almost all profits, but it requires gradual mastery. First, during the trading process, we should avoid the following three things.
1. Never buy during a price increase#
Be greedy when others are fearful and fearful when others are greedy; develop the habit of buying during price declines.
2. Never place large orders#
3. Never go all in#
Going all in makes you very passive; the market never lacks opportunities, and the opportunity cost of going all in is extremely high.
Six mantras for short-term cryptocurrency trading#
1. After a price consolidation at a high level, new highs usually appear; conversely, after a consolidation at a low level, new lows often occur. Therefore, wait for the direction of the price change to become clear before acting.#
2. Do not trade during sideways movement#
Most people lose money in cryptocurrency trading precisely because they fail to adhere to this basic principle.
3. When selecting candlesticks, buy on a bearish daily close and sell on a bullish daily close.#
4. When the decline slows down, the rebound is also slow; when the decline accelerates, the rebound may be faster.#
5. Use a pyramid buying method to build positions; this is the only unchanging truth in value investing.#
6. When a cryptocurrency experiences a sustained rise or fall, it will inevitably enter a consolidation phase. At this time, there is no need to sell all at a high price or buy all at a low price. After consolidation, a price change will occur; if the change is downward from a high level, you should clear your positions in time.#
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Register on mainstream exchanges like OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, etc., and you can bookmark the latest anti-loss domain names of all exchanges through one webpage👉🏻: https://mlink.cc
🔥 Solve the issue of accessing OKX, Binance, Huobi, and other exchanges in mainland China#
Many exchanges' original domain names may be on restricted lists, or access speeds may be slow due to overseas servers. Ordinary users often feel confused and even suspect exchange failures. In fact, this is usually a network environment issue rather than a platform service interruption. Therefore, exchanges like OKX and Binance regularly update backup domain names to ensure users can access the official website through alternative addresses.
Can't open the link? Try other domestic mirror lines! 👉🏻 OKX domestic backup domain name line without VPN or proxy
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- OKX backup domain Overseas OKX - requires VPN or backup link
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- Binance backup domain Binance
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🔥 Related reading#
🔥 Useful tools for finding Alpha#
1️⃣ Axiom trading tool https://axiom.trade
2️⃣ Gmgn trading tool https://gmgn.ai
3️⃣ Dbot trading tool https://app.debot.ai
4️⃣ Morelogin multi-account fingerprint browser www.morelogin.com
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