Survival Secrets of Trading: The Wisdom of Foolish Methods

1. Choice of Cryptocurrency

Stick to Bitcoin and Ethereum, and stay away from altcoins. Altcoins are highly volatile and only suitable for short-term speculation, with extremely high risks.

2. Short Selling Guide

1. Keep a close eye on the 4-hour chart (MA60); if the price remains pressured below this line, the opportunity to short will arise.
2. Adopt a segmented selling strategy: When the price rises to 1, sell half of the position first and adjust to a break-even stop loss; when it rises to 3, sell all or exit decisively.
3.

DOGE is showing a good recovery rhythm in the short-term.
From the 1-hour and 4-hour levels, the bullish structure has been reestablished.
From a technical perspective, there is a demand for rebound after overselling. In terms of macro factors, expectations of interest rate cuts and institutional increases in holdings provide support, and there is also hope that ETF spot approval will be granted between September and October.

SOL 4-hour Candlestick has firmly stood at the middle band of the Bollinger Bands, indicating that this round of Rebound is still ongoing.
Friends holding short positions may consider taking profits and exiting first. It is recommended to look for a retraction to around 160 to set up a long position, with targets at 168 and 178.

As an investor, one must never be influenced by the news media. One should not let their emotions fluctuate blindly by chasing the price and selling with bearish market due to the Fed's indecisive attitude towards interest rate cuts.
You must stick to your own position and filter out those distracting messages. Investment cannot rely on conventional thinking; so what is conventional thinking?
The analysis that the public makes after seeing the news is generally based on conventional thinking. You need to find a unique perspective, you must be different from the crowd, and your ideas must go ag