There is a very foolish way to trade cryptocurrencies, but this method can almost eat up all the profits, so learn slowly. First of all, when trading cryptocurrencies, we should never do three things.

The first thing is to never buy when the market is rising. Be greedy when others are fearful, and be fearful when others are greedy. Be able to buy during a downturn and make this a habit.
The second is to never place a stop order.
Thirdly, you should never be fully invested. Being fully invested leaves you very passive, and what this market has plenty of is opportunities. The opportunity cost of being fully invested is very high.
Also, let's talk about the six mantras for short-term Cryptocurrency Trading.
The first thing is that after the coin price consolidates at a high level, there is usually a new high. And after this consolidation at a low level, there is usually another new low, so we should wait for the direction of the trend change to become clear before we take action.
The second point is to not trade during sideways movements. Most people lose money in cryptocurrency trading because they cannot adhere to this simple principle.
The third point is when choosing candlesticks, we buy on the daily line when a bearish candle closes. When a bullish candle closes, we sell.
Fourth, the decline is slowing, the rebound is also slow, and the decline accelerates the rebound.
The fifth is to build a position according to the pyramid buying method, which is the only constant in value investing.
The sixth point is when a coin continues to rise. After a continuous decline, it will inevitably enter a consolidation phase. At this time, we do not need to sell everything at the high point, nor do we need to buy in fully at the low point. Because after the consolidation, it will inevitably face a trend change. If it changes downward from a high position, then we need to clear our positions in a timely manner; in short, it is important to act promptly.