Eight Major Tips for Trading Cryptocurrencies, Beginners Come to Learn
1. Average Down to Break Even, Seeking Profit is Greed. When trading cryptocurrencies, it's inevitable to encounter a few coins that get stuck. At this time, it is essential to remember not to fantasize about instant recovery from losses; hasty actions will only trap you deeper in the mud and make it difficult to extricate yourself. You should honestly average down to protect your capital, only then can you maintain a steady flow like a gentle stream.
2. Calm Surface with a High Wave, Beware of Big Tides Behind. The cryptocurrency market seems calm on the surface, but there are undercurrents. Do not be deceived by the insignificant small gains in front of you; always maintain high vigilance and be on the lookout for possible severe fluctuations that may occur next.
3. After a Big Rise, There Must Be a Correction, K-Line Forms a Triangle Over Several Days. When the price of a coin is soaring, do not get overly excited and forget yourself. Because after this frenzy, a correction is inevitable. Traders need to be able to analyze the K-Line trends; isn't it a well-formed equilateral triangle drawn over several days?
4. Buy on the Way Down, Sell on the Way Up, Go Against the Market to Be a Hero. When buying coins, choose to decisively enter during a downtrend; when selling coins, make the decision during an uptrend. By going against the trend, one can achieve unexpected victories and become a hero in the cryptocurrency world.
5. Do Not Sell at Highs, Do Not Buy at Dips, Do Not Trade in a Sideway Market. When the price of a coin spikes, do not rush to act; during a drop, do not hastily bottom-fish. When in a sideways market, you must tightly control your hands, observe calmly, and adapt without changing.
6. Look for Support in an Uptrend, Look for Resistance in a Downtrend. When the price of a coin is in an uptrend, closely monitor the support levels to prevent sudden drops; during a downtrend, pay attention to resistance levels to decisively bottom-fish at the right time.
7. Full Position Trading is a Big Taboo, Stubbornness is Not Advisable, Know When to Stop with Uncertain Changes, Enter and Exit with Ease by Observing the Market. Do not engage in full position trading; betting everything is indeed a poor strategy. The cryptocurrency market is unpredictable; understand when to take profits, and be able to enter and exit freely. Only by calmly observing the changes in the situation can one grasp the best timing. 8. Trading Cryptocurrencies is About Mindset; Greed and Fear are Great Dangers. Be Cautious of Fluctuations, Stay Calm and Comfortable. For excellent traders, mindset is crucial when operating in the cryptocurrency market.
Recently, the cryptocurrency market has seen significant movements, with investors establishing a long position of $150 million near the Bitcoin price of $108,000. This bold move has drawn widespread attention from the market, and many analysts believe that there may be some undisclosed important information behind it. From a technical perspective, there is indeed a certain demand for a rebound in Bitcoin. However, whether it is a significant rebound or a small one is closely related to fundamental factors. Investors are closely watching the next moves of the market leaders. Currently, potential positive factors in the market include: 1. The Federal Reserve may cut interest rates by 50 basis points at the end of the month; 2. The Federal Reserve may announce an expansion of the balance sheet; 3. Positive progress in US-China trade negotiations (although the market has already somewhat digested this expectation). At the same time, there are some potential negative factors: 1. US-China trade negotiations have failed to reach a consensus (which would have a severe impact on the market); 2. Further deterioration of issues in the American banking sector; 3. The Federal Reserve only cuts interest rates by 25 basis points (the market has already anticipated this expectation). It is noteworthy that the probability of the Federal Reserve cutting rates in October has reached 100%, with a 99% probability of a 25 basis point cut and a 1% probability of a 50 basis point cut. Although the likelihood of a 50 basis point cut is very small, investors should not completely rule out this possibility. Overall, the current market is filled with uncertainty, and investors need to remain vigilant and closely monitor the development of various potential influencing factors. When making investment decisions, one should comprehensively consider all aspects of information and avoid blindly following the crowd.
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Binance Alpha October 18th review, today the score line for first come first served has been raised to 240, it seems Alpha has reached a revolutionary moment again. If this continues, it might close down.
1ļøā£ Single number profit 168U, the surprise MERL only 38U, Pre-TGE's RVV has 130U, which is not bad, in the future still focus on Pre-TGE, there is always a profit of over 100U each time, but accounts with small balances are starting to get hit back, it's tough. 2ļøā£ Yesterday, the sister started a big battle with the studio, thought the score line was controlled, but didnāt expect it to continue to rise today, a 2+15 account, one cycle 255 points, can grab at most 2 airdrops, basically breaking even, but this still cannot be too harshly sandwiched. At this rate, the vast majority of retail investors will be hit back, my 3+16 feels like it can't hold on much longer. Alpha must undergo major changes, if it really doesn't work, could you please pause the 4x bonus for MeMe? A leader once said, if the experiment fails, it can be shut down. 3ļøā£ Booster rewards surprisingly have not been issued yet, the project party's strength is not as good as yesterday's ZBT. 4ļøā£ The recent hot new project on the Echo platform, MegaETH, has released a tutorial today, brothers who havenāt participated quickly catch up, it was posted in the last thread. The last project on this platform was Plasma, where you input 1U to receive an airdrop of 10,000U, so this time definitely donāt miss out.
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šÆ Clear goal: Surpass SHIB's market cap! š Team commitment: No selling until we surpass SHIB!
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The main reason for the sharp decline in the domestic market today is that In the afternoon, all memes in MemeRush encountered liquidity issues, leading to panic selling in the meme market, while liquidity is actually quite ample.
Currently, the market value of SQDOG is seriously undervalued, and the current price is the best time to buy the dip, contract ending in 774.
At the same time, I hope that the Binance wallet can be further improved $åøå®äŗŗē .
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