🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
💬 Stay clear-headed in a bull market, calm in a bear market.
Share your trading journey | Discuss strategies | Grow with the Gate Family
⏰ Event Time: Nov 5 10:00 – Nov 12 26:00 UTC
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The key to bottom fishing and top escaping is these three tricks
What is the most annoying thing about crypto trading? Even when you see the right side, your stop-loss gets swept, and when the market reverses, your reaction is slow. It’s really just a matter of not fully understanding trend changes.
Step 1: Look at the daily and weekly charts to find the overall direction
The fluctuations on the hourly chart are just noise; the real money is made on larger cycles. As long as the high hasn’t been broken, it indicates that the upward trend is still alive—look at those coins that keep hitting new highs, with each bottom higher than the last—that’s true growth. Conversely, coins that keep hitting new lows are in a downtrend.
Step 2: Wait for a pullback to a key level before entering
Many people get stuck here. The market will never move straight up; there will always be adjustments. But you need to distinguish: on a larger cycle, it looks like a consolidation, but on a smaller cycle, it might have fallen 30%. The more “fake consolidation” there is, the better the low-entry point. Remember: when the price pulls back to the previous high, that’s your entry signal.
Step 3: Recognize trend reversals—that’s where big profits are made
Most people lose money here. Those who are bearish keep bearish; those who are bullish keep bullish. When a reversal signal actually appears, they often react too late. It’s simple—when an uptrend breaks the previous high, it’s time to reduce your position; when a downtrend breaks the previous low, it’s time to take the opposite position.
The core is one sentence: Follow the trend, and change your mind when the trend changes. Don’t bet on trend reversals; look for evidence of a reversal before acting.