When I first entered the crypto world, I was also impulsively jumping around based on intuition, and as a result, I was harshly taught a few lessons by the market. After multiple dips, I gradually figured out the patterns. Today, I want to share 7 practical insights, hoping newcomers can avoid the pitfalls I encountered.
**Don't go against the trend**. Rebounds during a decline are often false breakouts; real opportunities are usually in pullbacks during an uptrend. Follow the main direction, and your win rate will naturally be higher.
**Be cautious of sudden surges**. Assets that have experienced rapid gains in a short period are also prone to sharp declines. Especially when high volume appears without new highs, it's mostly a trap to lure in buyers.
**Don't overuse indicators**. I only use three: MACD to determine direction, RSI to gauge strength or weakness, and VPVR to identify key support and resistance levels. It's enough and practical.
**Don't rush to add to losing positions**. Averaging down sounds tempting but is actually a mistake. Only add to positions after confirming the trend is solid.
**Volume-price relationship is crucial**. Moderate increase in volume at low levels is a sign of a genuine breakout; if volume surges at high levels but prices don't move up, it's time to exit and avoid getting caught.
**Use multiple timeframes**. Don't just focus on the 1-hour chart; review the 1H, 4H, daily, and weekly charts. The larger timeframe sets the direction, while smaller ones help find entry and exit points, ensuring you position yourself correctly.
**And finally, this is very important**. Opportunities are never lacking; what’s missing is patience and discipline. Minimize mistakes and avoid greed, and you'll already be ahead of most people.
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PhantomMiner
· 9h ago
Hmm... That's right, but it's easy to understand but hard to do. I always think about waiting for confirmation before acting, but in the blink of an eye, I miss the opportunity.
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WalletsWatcher
· 9h ago
The strategy of loss recovery is really brilliant; repeatedly falling into the trap made me realize that this is a suicidal move.
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LiquidationAlert
· 9h ago
It's the same old story, I've heard it countless times, but the key is execution, brother.
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GateUser-00be86fc
· 9h ago
The relationship between price and volume is quite eye-opening. I was holding on to high-volume positions and reluctant to sell, but ended up getting trapped and stuck.
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NFTRegretful
· 9h ago
To be honest, I didn't fully understand the relationship between price and volume before, until I got trapped a few times and finally understood. The signal of low position warming and volume expansion is really excellent and has never failed.
When I first entered the crypto world, I was also impulsively jumping around based on intuition, and as a result, I was harshly taught a few lessons by the market. After multiple dips, I gradually figured out the patterns. Today, I want to share 7 practical insights, hoping newcomers can avoid the pitfalls I encountered.
**Don't go against the trend**. Rebounds during a decline are often false breakouts; real opportunities are usually in pullbacks during an uptrend. Follow the main direction, and your win rate will naturally be higher.
**Be cautious of sudden surges**. Assets that have experienced rapid gains in a short period are also prone to sharp declines. Especially when high volume appears without new highs, it's mostly a trap to lure in buyers.
**Don't overuse indicators**. I only use three: MACD to determine direction, RSI to gauge strength or weakness, and VPVR to identify key support and resistance levels. It's enough and practical.
**Don't rush to add to losing positions**. Averaging down sounds tempting but is actually a mistake. Only add to positions after confirming the trend is solid.
**Volume-price relationship is crucial**. Moderate increase in volume at low levels is a sign of a genuine breakout; if volume surges at high levels but prices don't move up, it's time to exit and avoid getting caught.
**Use multiple timeframes**. Don't just focus on the 1-hour chart; review the 1H, 4H, daily, and weekly charts. The larger timeframe sets the direction, while smaller ones help find entry and exit points, ensuring you position yourself correctly.
**And finally, this is very important**. Opportunities are never lacking; what’s missing is patience and discipline. Minimize mistakes and avoid greed, and you'll already be ahead of most people.