The digital money market is volatile and can be challenging for newbie investors. Here are some operating principles summarized by experienced investors to help newbies better grasp market trends:
1. Pay attention to the pullback opportunities of strong coins. When a strong coin has a continuous decline for 9 days, it may be a good time to enter.
2. Be cautious of short-term rapid increases. If a certain coin rises for two consecutive days, consider moderately reducing your position to lock in some profits.
3. Seize the rebound opportunity. When the intraday increase exceeds 7%, there may still be room for further increases the next day, and you can continue to hold and watch.
4. Be patient and wait for the right moment to enter. For strong large-cap coins, it is best to consider buying only after the pullback has ended.
5. Avoid long-term sideways coins. If a coin has very little fluctuation for six consecutive days, it may be necessary to consider switching to other varieties with more potential.
6. Timely loss prevention is very important. If the losses from the previous day are not recovered by the next day, you may need to consider exiting the coin.
7. Observe the patterns in the gainers list. Coins that have risen for two consecutive days may continue to strengthen, and the fifth day is usually a good selling opportunity.
8. Pay attention to the trading volume indicator. Pay special attention to volume breakthroughs at low levels, while being cautious when there is a volume increase at high levels but the price remains stagnant.
9. Choose coins with an upward trend. You can determine the trend through moving averages of different periods, with corresponding reference indicators for both short-term and long-term.
10. Small funds also have opportunities. As long as the methods are appropriate, and one maintains rationality and patience, small funds can also achieve considerable returns in the Digital Money market.
It is important to note that although there are many opportunities in the Digital Money market, the risks cannot be ignored. Investors should continuously learn, summarize their experiences, and enhance their investment skills. Only in this way can they go further in this market full of opportunities and challenges.
Finally, please remember that investing requires rationality. Do not invest all your savings into it; strictly control risk and manage your funds well. At the same time, closely monitor market dynamics and policy changes, and adjust your investment strategy in a timely manner.
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MEVSandwichMaker
· 24m ago
Cryptocurrency Trading is a contrarian investment strategy when the right opportunity is identified.
View OriginalReply0
GateUser-4745f9ce
· 08-31 15:48
Just a trap, just messing around will do.
View OriginalReply0
GateUser-aa7df71e
· 08-31 15:48
Now is the best time to enter a position for BTC. Retail investors should take note and seize the opportunity.
View OriginalReply0
OnchainDetective
· 08-31 15:45
Obvious textbook for playing people for suckers, the capital chain has been fully traced.
The digital money market is volatile and can be challenging for newbie investors. Here are some operating principles summarized by experienced investors to help newbies better grasp market trends:
1. Pay attention to the pullback opportunities of strong coins. When a strong coin has a continuous decline for 9 days, it may be a good time to enter.
2. Be cautious of short-term rapid increases. If a certain coin rises for two consecutive days, consider moderately reducing your position to lock in some profits.
3. Seize the rebound opportunity. When the intraday increase exceeds 7%, there may still be room for further increases the next day, and you can continue to hold and watch.
4. Be patient and wait for the right moment to enter. For strong large-cap coins, it is best to consider buying only after the pullback has ended.
5. Avoid long-term sideways coins. If a coin has very little fluctuation for six consecutive days, it may be necessary to consider switching to other varieties with more potential.
6. Timely loss prevention is very important. If the losses from the previous day are not recovered by the next day, you may need to consider exiting the coin.
7. Observe the patterns in the gainers list. Coins that have risen for two consecutive days may continue to strengthen, and the fifth day is usually a good selling opportunity.
8. Pay attention to the trading volume indicator. Pay special attention to volume breakthroughs at low levels, while being cautious when there is a volume increase at high levels but the price remains stagnant.
9. Choose coins with an upward trend. You can determine the trend through moving averages of different periods, with corresponding reference indicators for both short-term and long-term.
10. Small funds also have opportunities. As long as the methods are appropriate, and one maintains rationality and patience, small funds can also achieve considerable returns in the Digital Money market.
It is important to note that although there are many opportunities in the Digital Money market, the risks cannot be ignored. Investors should continuously learn, summarize their experiences, and enhance their investment skills. Only in this way can they go further in this market full of opportunities and challenges.
Finally, please remember that investing requires rationality. Do not invest all your savings into it; strictly control risk and manage your funds well. At the same time, closely monitor market dynamics and policy changes, and adjust your investment strategy in a timely manner.