The dumbest but most stable way to trade cryptocurrencies is actually the six rules. Remember them, and you will earn more by living longer.
Short-term six rules:
🔹 High-level consolidation usually leads to new highs, while low-level fluctuations are likely to test the bottom again.
🔹 Do not trade during consolidation, wait for direction confirmation before acting.
🔹 Enter on bearish candles, exit on bullish candles, follow the rhythm of the K-line.
🔹 Slow drops lead to slow rebounds, sharp drops lead to quick rebounds.
🔹 Use the pyramid strategy to build positions, adding more as prices drop.
🔹 After continuous ups and downs, consolidation is likely, and prolonged consolidation must change; keep an eye on the direction.
Less action, take it slow, focus on logic, don’t treat opportunities as passion to smash; trading cryptocurrencies is essentially a test of endurance.
Short-term six rules:
🔹 High-level consolidation usually leads to new highs, while low-level fluctuations are likely to test the bottom again.
🔹 Do not trade during consolidation, wait for direction confirmation before acting.
🔹 Enter on bearish candles, exit on bullish candles, follow the rhythm of the K-line.
🔹 Slow drops lead to slow rebounds, sharp drops lead to quick rebounds.
🔹 Use the pyramid strategy to build positions, adding more as prices drop.
🔹 After continuous ups and downs, consolidation is likely, and prolonged consolidation must change; keep an eye on the direction.
Less action, take it slow, focus on logic, don’t treat opportunities as passion to smash; trading cryptocurrencies is essentially a test of endurance.