The Eight Rules of Cryptocurrency Trading, A Must-Read for Traders!

Only masters of the crypto world understand wealth knowledge; these eight rules are not to be missed.

1. When stuck in a position, average down to protect your capital; seeking profits is greed.

In trading, there will always be a few coins that you get stuck with. At this point, remember not to foolishly hope to turn losses into profits; being overly eager will only sink you deeper. Honestly averaging down to protect your capital is the way to go for long-term success.

2. A calm surface hides deep waves; beware of the turbulent times ahead.

The crypto market may seem calm on the surface, but there are undercurrents. Do not be deceived by a small increase in prices; stay alert and be prepared for the upcoming big fluctuations.

3. After a big surge, a correction is inevitable; the K-line will form a triangle over several days.

When the price of coins skyrockets, do not get overly excited. Because after this, a correction is certain. Look at that K-line; isn't it just an equilateral triangle drawn over several days?

4. Buy on the way down, not on the way up; sell on the way up, not on the way down; move against the market to be a hero.

When buying coins, choose the time when prices are falling; sell coins when prices are rising. Going against the trend is the key to success.

5. Don’t sell when prices are high, don’t buy when they plunge; don’t trade in a sideways market.

When prices surge, don’t rush to sell; when they plunge, don’t rush to buy the dip. During sideways movements, control your actions and observe the changes.

6. In an uptrend, watch the support level; in a downtrend, watch the resistance level.

When prices are rising, pay attention to the support level to prevent a drop. When prices are falling, watch the resistance level for potential buying opportunities.

7. Overtrading is a big taboo; acting on impulse is unwise; know when to stop with the constant changes, and move freely when the opportunity arises.

Do not overtrade or go all in. The crypto market is unpredictable; learn to take profits when you can, and move freely. Stay observant to grasp the best opportunities.

8. Trading in cryptocurrencies is about mindset; greed and fear are major harms.

Be cautious when chasing price fluctuations; a calm mindset brings peace. In crypto trading, mindset is crucial. Greed and fear are our greatest enemies; avoid chasing prices and killing dips, and maintain a tranquil mindset.

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