There is a seemingly clumsy method for trading cryptocurrencies, but this method can almost devour all profits and requires gradual learning. First, never do three things when trading cryptocurrencies.
1. Never buy when prices are rising#
Be greedy when others are fearful, and be fearful when others are greedy; learn to buy when prices are falling and make it a habit.
2. Never place large orders#
3. Never go all in#
Being all in is very passive; the market never lacks opportunities, and the opportunity cost of going all in is extremely high.
Six Rules for Short-term Cryptocurrency Trading#
1. After a period of consolidation at high prices, there is usually a new high; after consolidation at low prices, there is usually a new low. Therefore, wait for the direction of the market to become clear before acting.#
2. Do not trade during sideways movement#
Most people lose money in cryptocurrency trading because they cannot do this.
3. When choosing candlesticks, buy on a bearish day and sell on a bullish day.#
4. When the decline slows down, the rebound is also slow; when the decline accelerates, the rebound occurs.#
5. Use the pyramid buying method for building positions; this is an unchanging truth of value investing.#
6. When a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there is no need to sell all at high prices or buy all at low prices. After consolidation, there will be a change; if it changes downward from a high position, it is necessary to clear the position in time.#
🔥 Solutions to Accessing OKX Exchange from China#
Many exchanges' original domain names may be blacklisted, or access speed may be affected due to servers being located overseas. For ordinary users, this situation often leaves them feeling helpless, even doubting whether the exchange itself has issues. In fact, this is more due to the network environment rather than a service interruption of the platform itself. To cope with this situation, exchanges like OKX and Binance usually update backup domain names regularly to ensure users can continue to access the official website through alternative addresses.
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- OKX backup domain Overseas OKX - Requires VPN or Backup link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi HTX backup domain Huobi (Huobi/HTX)
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- Gate backup domain Gate.io (Gate)
🔥 Related Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking is Out 🔥【Worth Collecting】
🔥 Useful Tools for Alpha Finding#
1️⃣ Axiom Dog Tool https://axiom.trade
2️⃣ Gmgn Dog Tool https://gmgn.ai
3️⃣ dbot Dog Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
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