7 ) Go with Flow !! Don't Trade against trend !! You Can't Just Go LONG because it DUMPED & can't go For SHORT Just because it PUMPED !!📈📉
I think that the trend trading advice is relevant for highly capitalized cryptocurrencies whose price has been going in some direction for a long time. Although these days, even the price of Bitcoin changes abruptly, so trading on the trend in this case is quite problematic. But this is a good strategy when some highly capitalized cryptocurrency has started to grow on strong positive favorable news.