Oh my God, it’s incredible! I’ve been in the crypto world for 10 years, experiencing the ups and downs of the market. I finally accumulated an eight-figure asset. Today, I will reveal my unique secrets!
1. In the crypto world, the safety of funds is always the top priority. Remember to divide your funds into five parts, and only use one-fifth for risky ventures each time.
2. If you make a mistake, decisively cut your losses. This way, even if you are wrong five times, you will only lose 10% of your total funds. And once you are right, remember to set your take-profit levels to prevent profits from slipping away. When it comes to improving your win rate, going with the trend is key.
3. Don’t rush to buy the dip when prices fall, and don’t be afraid to chase when prices rise. The rebounds in a downtrend are often traps, while the pullbacks in an uptrend can be golden opportunities. Avoid those coins that have skyrocketed in the short term; they are like fireworks, dazzling for a moment but hard to sustain.
4. Stagnation at high levels leads to a natural decline later; this is an unchanging truth. MACD is a great tool that can help you determine entry and exit points. A golden cross above the zero line means a steady entry; a death cross pointing down means to decisively reduce your position.
5. Remember, never average down when you are at a loss; that is pushing yourself into the fire pit. Increasing your position when you are in profit is the way to go.
6. Trading volume is the soul of the crypto world. A volume breakout at low levels is an opportunity, while a volume stagnation at high levels is an alarm. Only trade coins in an upward trend for the highest odds of winning.
7. From short-term to long-term, observe the turning points of moving averages across different periods to grasp the pulse of the trend.
8. Finally, persist with your reviews, check your holding logic, and adjust your trading strategy. This way, you can navigate the crypto world with ease.
Alright, that’s all I have to share about my experiences. Do you think these tips will help you? Feel free to share your thoughts in the comments!
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