#MagicEden(ME) Listed on Binance

A super stable and foolish method for trading cryptocurrencies that ensures you make a profit without loss.

When trading cryptocurrencies, there are three things you must never do.

The first thing is, do not buy when the price is going up; you must learn to buy boldly when others are terrified, and when others are rushing in, you should be more cautious. Get into the habit of buying when prices are falling.

The second thing is, do not put all your money into one trade.

The third thing is, do not operate with a full position; when you are fully invested, you become passive. There are plenty of opportunities in the market, and being fully invested raises your opportunity cost.

Now let's talk about a few tips for short-term trading:

First, don’t rush to buy when the price is high; it may still go up a bit more. Also, don’t rush to sell when the price is low; it may still drop a bit more. Wait until the direction is clear before taking action.

Second, do not trade when the market is moving sideways; if you can’t manage this, many people will end up losing money in trading.

Third, look at the candlestick chart; try to buy when there are bearish candles and consider selling when there are bullish candles.

Fourth, if the price is falling slowly, the rebound will also be slow; if the price is falling quickly, the rebound will be vigorous.

Fifth, build positions according to a pyramid structure; this is an old rule of value investing.

Sixth, if a cryptocurrency rises rapidly or falls sharply, it will definitely move sideways for a while afterward. At this time, do not sell everything at a high point, and do not buy everything at a low point. Once the sideways movement is over, a trend change will occur; if it drops from a high point, you must quickly liquidate your position.

#Cryptocurrency Market Correction

For the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential projects, where an expected return of over 10 times is not a problem. If you want to make big money in a bull market, like and comment, and I will help you layout the entire bull market together!