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The crypto world, really is a place of both love and hate. Have you ever wondered why some people can turn tens of thousands into hundreds of times more, while others watch their accounts shrink day by day? $TLM
I know an elder from Beijing who invested 100,000 and now the market value has exceeded 50 million. His words instantly woke me up: In the crypto market, everyone is just a mob. As long as you can control your emotions, this market becomes a cash machine!
I deeply understand that surviving in the crypto world is not just about luck or technical skills, but more importantly about whether you can control your emotions.
If you have a good mindset and the right strategy, the market will generally make way for you. Today, I want to share some practical tips I learned from this elder to help you avoid detours in the crypto world.
1. Don't rush when entering
Many people think they need to make big money immediately after entering, but this is not a sprint race. Steady entry is the key.
Don’t rush in just because of a hot trend. Stay calm, test the waters first, and avoid reckless moves.
2. Sideways movement is an opportunity
Sideways consolidation isn’t necessarily a bad thing; on the contrary, it’s the best time to buy and sell! When the price consolidates at a low and hits new lows, heavily buy the dip; when it consolidates at a high and surges, decisively sell.
Identify support and resistance levels, and you can profit steadily amid volatility.
3. Don’t panic during fluctuations, seize opportunities
When the market surges, sell quickly; when it plunges, buy swiftly. During sideways movement, be patient and observe, waiting for the market to make its move.
Capture rebounds and pullbacks, and you can stand on the winning side.
4. Clarify buy and sell timing
When others are greedy, you should be cautious; when others are fearful, you should be brave.
Buy during bearish candles, sell during bullish candles.
Enter during a big dip in the morning, exit during a big rise in the morning.
Identify the right timing, and avoid blindly chasing highs or selling lows.
5. Manage risks; preserving your life is the top priority
Beneath a calm surface, big waves are always coming. In the crypto world, don’t operate with full position, and never act blindly.
Learn to enter in batches, cut losses when losing, exit when winning, and always stay calm, knowing exactly what you’re doing.
Behind these seemingly simple principles are countless lessons learned from market blood and tears. Learn to stay calm, learn to wait, the opportunities in the crypto world are always there—it's just up to how you seize them!