#I have been in the cryptocurrency circle for 6 years, experiencing the ups and downs of the market, currently with a five-figure asset. Today, I will reveal my unique secrets!
1. In the cryptocurrency circle, the safety of funds is always the top priority. Remember to divide your funds into five parts, and only use one-fifth to take risks each time.
2. If you make a mistake, decisively cut your losses; this way, even if you are wrong five times, you only lose 10% of your total funds. And once you are correct, remember to set a profit-taking point, don’t let profits slip away. Speaking of improving win rates, going with the trend is key.
3. Don’t easily catch falling knives during a decline, and don’t be afraid to chase high during an uptrend, because rebounds in a downtrend are often a bait, while corrections in an uptrend are the golden pits. Avoid those coins that have surged in the short term; they are like fireworks, brilliant for a moment but hard to sustain.
4. High-level stagnation will naturally lead to a decline later; this is an unchanging truth. MACD is a good tool to help you determine entry and exit points.
5. Remember, never average down when you’re in a loss; that’s pushing yourself into the fire pit. Increasing your position when in profit is the way to go.
6. Trading volume is the soul of the cryptocurrency circle; a breakthrough at low volume is an opportunity, while a stagnation at high volume is a warning. Only trade coins in an upward trend, as this gives you the highest chance of success.
7. From short-term to long-term, look at the turning points of moving averages across different cycles to grasp the pulse of the trend.
8. Finally, insist on reviewing your trades, check your holding logic, and adjust your trading strategy, so you can navigate the cryptocurrency circle with ease.
That's all for my experience sharing. Do you think these experiences are helpful to you? Feel free to leave your thoughts in the comments!
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