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I am 33 years old this year, started Cryptocurrency Trading at 22, and by 2024-2025 my assets will reach 8 digits. I have hardly experienced any disputes in business, and I have fewer worries. I am patient in summarizing my insights; the most important point in Cryptocurrency Trading is a good mindset, while skills come second. #The US imposes tariffs
1. In most cases, Bitcoin is the leader of the fluctuations in the cryptocurrency trading market. High-quality coins like Ethereum sometimes break away from Bitcoin's influence and show a one-sided trend, while altcoins generally cannot escape its impact.
2. Bitcoin and USDT move in opposite directions; if USDT rises, be cautious of a drop in Bitcoin; when Bitcoin rises, it is the right time to buy USDT.
3. The needle phenomenon is likely to occur between 0:00 and 1:00 every day, so domestic coin enthusiasts can try to set a low buy price for their desired coin before going to bed and a high sell price, who knows, it might just get executed while they sleep.
4. The time between 6-8 AM every day is a moment to assess buying or selling opportunities, as well as to determine the price movement for the day. If there has been a continuous decline from midnight to 6 AM, and the decline continues during this period, it presents a buying or averaging opportunity, indicating that the price will likely rise for the day. Conversely, if there has been a continuous rise from midnight to 6 AM, and the rise continues during this period, it is a selling opportunity, and the price will likely decline for the day.
5. 5 PM is an important time to pay attention to. Due to the time difference, American cryptocurrency traders are waking up and getting to work, which may cause fluctuations in the price of coins. Indeed, some significant increases or decreases have occurred at this time, so it is essential to be particularly vigilant.
6. There is a saying in the cryptocurrency community about "Black Friday," and there have been a few instances of significant drops coincidentally happening on Fridays, but there have also been cases of significant rises or sideways movements. It's not particularly accurate, just pay a little attention to the news.
7. If a coin with a certain trading volume guarantee drops, don't worry. Be patient and hold on; you will definitely break even. It could take as little as 3 or 4 days, or as long as a month. If you have extra USDT, you can buy in batches to lower the price, which will help you recover your investment faster. If you don't have any extra money, just wait. It won't let you down. Unless you really bought I coin.
8. Holding the same coin for the long term in spot trading yields greater returns than frequent trading; it all depends on whether you have the patience to hold.
I bought Dogecoin at 0.1, and it has increased more than 20 times 💡 since I hold it The future wealth password is often hidden in poor cognition - the trend is in the front, and the layout is in the back
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