Can cryptocurrency trading still yield stable profits?

Remember the following three golden rules, avoid the traps of novice investors, and earn a fortune!

1. Don't buy in when prices are rising

Don't be blinded by market bubbles; rising prices are not the time to buy. Remember: "When others are greedy, I am fearful; when others are fearful, I am greedy." It's only when prices drop that you should seize the opportunity for bargains.

2. Don't put all your eggs in one basket

Don't stake all your money on a single cryptocurrency; that’s akin to "gambling". Diversify your investments to minimize risks and stabilize returns. The crypto space is not a place to gamble your life away.

3. Don't go all in

Going all in can lead to self-destruction. The market changes rapidly, so keep some reserves to seize sudden opportunities. Maintaining flexible positions will allow you to go further.

Master the six secrets of short-term cryptocurrency trading

1. After a high-level consolidation, a new high will be made; after a low-level consolidation, a new low will be made.

Don't rush to act; wait for the signals before taking action. Chasing prices up and down is a sure way to lose money. Be patient and steady.

2. Don't trade during sideways movement

When the crypto market is consolidating, don’t always be “itchy to act.” Sideways movement doesn’t mean no opportunities; it’s giving you time to adjust. Wait for signals to decide, don’t be an impulsive novice.

3. The K-line "ECG": buy on a bearish candle, sell on a bullish candle.

K-lines don’t lie; catch reversal signals. Buy on a bearish candle and sell quickly on a bullish candle. Go with the trend steadily.

4. When the downtrend slows, rebounds will also be slow; when the downtrend accelerates, rebounds will also accelerate.

Understand the market trend clearly; rebounds follow a rhythm. If you miss it, wait for the next wave.

5. Pyramid buying method, gradually build positions.

Buy in batches; don’t dump all your money in at once, take it slow.

6. After a cryptocurrency rises or falls, it will inevitably enter a consolidation phase.

Don’t rush to buy when a cryptocurrency skyrockets, and don’t rush to sell when it falls sharply; consolidation is the market's adjustment phase. Wait for the trend to emerge before deciding, don’t be a "novice"; clear your positions when facing a downward trend.

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