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After years of ups and downs in the Crypto Assets market, I have distilled my years of accumulated trading wisdom into eight golden sayings, hoping to guide aspiring investors in the right direction.
First, the morning market often reflects the true emotions of the market. If the coin price drops significantly in the morning, don't panic; this could be a rare opportunity to enter at a low price. Conversely, if the market opens with a large increase, don't be greedy; taking profits at the right time is the wise move.
Secondly, the afternoon market should be approached with caution. If there is a sudden surge, do not blindly follow the trend, as the risk of buying at a high position is extremely great. If there is a significant drop, it is advisable to remain calm and wait for the next day's low point before considering entry.
Moreover, one must remain calm in the face of a sharp decline in the early session. The market changes rapidly, and the fluctuations in the early session may just be a temporary phenomenon. Similarly, when the market is stagnant, do not rush; waiting for the right opportunity is the best strategy.
Trading operations should follow strict guidelines. Do not sell easily if the expected high point has not been reached; similarly, do not blindly buy at high levels. During the sideways phase, one should be even more cautious and may as well observe the changes.
The candlestick chart's bearish and bullish lines can also provide guidance for trading. Buy during bearish lines and sell during bullish lines; this is a classic strategy.
Standing out in the Crypto Assets market sometimes requires reverse thinking. Be cautious when the public is overly optimistic, and stay calm when the market is in a panic, so that you can seize the real opportunities.
Patience is especially important when prices linger at a certain level for a long time. Do not be misled by short-term fluctuations; wait for the trend to clarify before making decisions.
Finally, when the high-level consolidation is followed by another attack, it is likely to be the last frenzy. At this point, decisively taking profits and converting paper wealth into actual assets is the wise move.
These experiential insights have been honed through years of market trials, and it is hoped that they will help investors progress steadily in this market filled with opportunities and risks. But remember, there are always risks in investing, and rational decision-making is always the key to success.