The path in the crypto world has never had shortcuts. Every trader who manages to survive is someone who has endured through time. Those who seek quick profits will be ruthlessly eliminated by the market.
The most common mistake beginners make is to start by copying indicators. Actually, it doesn’t have to be so complicated. I have repeatedly tested these things in real trading, and they are more useful than any theory.
The true buy points are usually hidden in two places: when the oscillation has finished and a breakout is imminent, or at the support level after a pullback. That kind of straight-up rally? Just look at it and move on, don’t follow the trend. The hotter the market, the more you need to slow down. Those chasing the highs will end up handing the position over to others.
When there are many people involved, the sell point is often not far away. Only by staying calm can you leave yourself an exit.
From the performance of the candlesticks, a steady upward trend with small bullish candles usually indicates a healthy rally; but if large bullish candles appear consecutively and surge sharply, you should be alert. After a big surge, a pullback is inevitable. If you rush to go all-in before a proper retest, you’re gambling. Wait for the support levels to confirm before acting—this is much safer.
These judgments are crucial: rapid acceleration often signals the end of a trend; sharp declines are usually just short-term sell-offs, but a downward trend with declining volume is true distribution. Don’t get trapped by the idea of the “final phase of the market.” A decline with no volume often just reflects emotional release; a slow decline with increasing volume is a real risk signal. If the price breaks below a key support level, don’t stubbornly hold on. Switching to a swing trading approach will be more stable.
When analyzing the charts, don’t stare obsessively at the minute charts. The daily and monthly charts determine the overall direction. If the price rises without volume, it’s likely a trap to lure in buyers. It’s problematic to become the bag-holder. Conversely, decreasing volume while making new lows often signals a bottom. Don’t rush; wait for volume to pick up and the price to rebound before taking action.
These words may sound plain, but they can help you avoid many pitfalls. In the crypto world, less detours are taken not through inspiration, but through patience and discipline verified repeatedly.
Once drifting aimlessly in the waves of the crypto market, now I am steady at the helm. With enough experience, trading becomes second nature.
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The path in the crypto world has never had shortcuts. Every trader who manages to survive is someone who has endured through time. Those who seek quick profits will be ruthlessly eliminated by the market.
The most common mistake beginners make is to start by copying indicators. Actually, it doesn’t have to be so complicated. I have repeatedly tested these things in real trading, and they are more useful than any theory.
The true buy points are usually hidden in two places: when the oscillation has finished and a breakout is imminent, or at the support level after a pullback. That kind of straight-up rally? Just look at it and move on, don’t follow the trend. The hotter the market, the more you need to slow down. Those chasing the highs will end up handing the position over to others.
When there are many people involved, the sell point is often not far away. Only by staying calm can you leave yourself an exit.
From the performance of the candlesticks, a steady upward trend with small bullish candles usually indicates a healthy rally; but if large bullish candles appear consecutively and surge sharply, you should be alert. After a big surge, a pullback is inevitable. If you rush to go all-in before a proper retest, you’re gambling. Wait for the support levels to confirm before acting—this is much safer.
These judgments are crucial: rapid acceleration often signals the end of a trend; sharp declines are usually just short-term sell-offs, but a downward trend with declining volume is true distribution. Don’t get trapped by the idea of the “final phase of the market.” A decline with no volume often just reflects emotional release; a slow decline with increasing volume is a real risk signal. If the price breaks below a key support level, don’t stubbornly hold on. Switching to a swing trading approach will be more stable.
When analyzing the charts, don’t stare obsessively at the minute charts. The daily and monthly charts determine the overall direction. If the price rises without volume, it’s likely a trap to lure in buyers. It’s problematic to become the bag-holder. Conversely, decreasing volume while making new lows often signals a bottom. Don’t rush; wait for volume to pick up and the price to rebound before taking action.
These words may sound plain, but they can help you avoid many pitfalls. In the crypto world, less detours are taken not through inspiration, but through patience and discipline verified repeatedly.
Once drifting aimlessly in the waves of the crypto market, now I am steady at the helm. With enough experience, trading becomes second nature.