Do you want to know how to identify resistance and support levels, and when is the best time to enter the market?
My method is actually quite simple, not that complicated, but the results are indeed good.
To put it directly, if you can understand it, take notes; if you can't, just consider me bragging.
Step 1: Look at the gainers list
Every time I select coins, the first step is to open the gainers list and see who has moved and increased in the last half month, and add them to my watchlist.
Why? Only coins that have increased will attract attention, which leads to follow-up moves.
This way of selecting coins helps avoid missing potential stocks.
Step 2: Monthly MACD
You don't need to look at so many technical indicators; I only look at one—monthly MACD golden cross.
A golden cross indicates a trend; stop thinking about rebound from oversold conditions. I've had enough of gambling with my life.
If you want stable profits, look for trends and follow them.
Step 3: Focus on the 60-day line
I look at daily charts less often; I only focus near the 60-day line.
As long as the coin price retraces to near the 70-day moving average with volume, I immediately invest heavily.
No guessing, no gambling—enter when the signal comes; rest when there is no signal.
Many people gamble on opportunities below the 70-day line; usually, they either lose money or get liquidated, which is too dangerous.
Step 4: Don't get attached after entering the market
After entering, if the signal is clear, hold on; if the line breaks, exit immediately without hesitation.
Many people end up unwilling to exit, resulting in profits turning into losses. This is the cost of lacking discipline.
Leave when you should, never hesitate.
Step 5: Take profits in stages
If the gain exceeds 30%, cut half; at 50%, cut another half. Don't think about eating the whole segment; the market won't feed you completely.
Take small profits and take it slow; longevity is the hard truth.
Step 6: Exit if the 70-day line is broken
This rule is my strict principle: if it breaks the 70-day line, exit immediately.
Whether you just bought it or have been stuck for days, a break is a signal—leave immediately, don't be soft-hearted.
This principle has saved me countless times; many people die in the emotions of unwillingness to cut losses.
Many may think this method is too mechanical, but I tell you, the more emotional you are, the faster you die.
Looking at what I've said, which point is difficult?
None of them are difficult; the hard part is whether you can execute it.
Follow Uncle Nan, and you'll eat nine meals a day!
You can choose how much you earn, but opportunities only come once.
If you want to get on board, hurry up; the market won't wait for anyone; hesitation means missing out!
