The Eight Major Rules of Cryptocurrency Trading You Must Know!

Only crypto masters understand wealth knowledge. Don't miss these eight rules.
1. Averaging down to protect principal; greed for profit is dangerous.
When trading cryptocurrencies, there are always some coins that get trapped. At this point, remember not to recklessly try to turn losses into gains; impatience and greed will only deepen your losses. Honestly add to your position to preserve your capital, and only then can you achieve steady growth.
2. Calm waters hide a big wave; beware of a subsequent storm.
The crypto market may seem calm on the surface, but undercurrents are surging. Don't be fooled by small short-term gains; stay alert and prepare for the upcoming volatility.
3. After a big rise, a correction is inevitable; K-line charts often form triangles over several days.
When prices soar, don't get overly excited. A correction will follow. Look at the K-line—doesn't it resemble an equilateral triangle drawn over several days?
4. Buy on dips, sell on rises; go against the market to be a hero.
Buy coins during dips, sell during rises. Oppose the trend to achieve extraordinary results.
5. Don't sell before reaching a high, don't buy before a plunge, and avoid trading during sideways movement.
Don't rush to sell when prices peak, nor try to buy at the bottom during a plunge. During sideways trading, hold your hands and observe quietly.
6. In an uptrend, watch support levels; in a downtrend, watch resistance levels.
When prices are rising, pay attention to support levels to prevent a fall. When prices are falling, monitor resistance levels to find bottoming opportunities.
7. Full position trading is a big taboo; stubbornness is not advisable. Know when to stop during unpredictable changes, and enter or exit freely based on market signals.
Never go all-in; avoid reckless bets. The market is unpredictable. Know when to take profits and cut losses, and trade flexibly. Observe carefully to seize the best opportunities.
8. Trading is about mindset; greed and fear are the greatest enemies.