After ten years in the cryptocurrency space, I entered the market with tens of thousands, and now my net worth is in the eight figures! Today, I'm going to share my best trading skills with you:
1️⃣ Split the capital into five parts, only trade one part at a time! Each trade should have a 10% stop-loss attached, so even if all five trades go wrong, you'll only lose 10%. But as long as you catch a wave, set your profit target at 10% or more! Only act when you see both the daily MACD golden cross and the price above the daily moving average!
2️⃣ Don't be envious of coins that have surged in the short term! In this market, very few can create a main upward wave. Those that are still making strong moves at high levels are like a marathon runner sprinting at the finish line; their momentum has already been exhausted!
3️⃣ Trading volume is the lifeline of the cryptocurrency market! A low-level breakout with increased volume is a signal to ignite, while increased volume at high levels means to run; the big players are distributing their chips! Always keep an eye on it.
4️⃣ Here’s how to look at the moving average system: A turning up of the 3-day line is a short-term signal, the 30-day line moving upwards indicates a medium-term trend, the 84-day line turning up signals a main upward wave, and if the 120-day line is bullish, then a big trend is coming!
5️⃣ You must review the market every day after the close! Has your holding logic changed? What does the weekly K-line look like? Has the market trend turned? If you don't adjust your strategy in time, be prepared to be harvested!
$BTC $ETH If you currently feel helpless and confused in trading, and want to learn more about cryptocurrency knowledge and the latest information, click on my profile and follow me. Don't get lost in this bull market!
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