The dumbest method of trading cryptocurrencies, just got the Xiaomi SU7 Ultra!
From initially losing sleep over losses to now steadily making a 50% profit every year, #币安HODLer空投SIGN
All thanks to a set of dumb methods, I would rather miss ten opportunities than make a random trade. #以太坊的未来
Here are some heartfelt tips for newbies just entering the market:
The golden time is after 9 PM
During the day, the market news is overwhelming, and prices fluctuate wildly.
At night, it's quiet, the trends are clear, and with the US stock market opening, it's easier to see the direction.
Key point: Put money in your pocket; for example, if you earn 1500 USDT,
Immediately withdraw 500 USDT to your bank account, and play with the rest.
Don’t be greedy; I’ve seen too many people earn and not cash out, ultimately losing all their profits. #币安上线INIT
Pay attention to indicators, don’t rely on feelings#币安Alpha上新
Install TradingView on your phone, #比特币市值排名
Before making a trade, check the MACD golden cross and dead cross, and RSI overbought and oversold.
Only act when at least two indicator signals align; don’t mess around based on feelings.
Stop-loss needs to be flexible, while monitoring the market, if you’ve made a profit, move your stop-loss price up (for example, from 1000 to 1100), don’t let the system automatically set a stop-loss.
But if you’re going out, you must set a hard stop-loss of 3%, to guard against sudden market crashes.No matter how much you earn, if you don’t cash out, it’s just a number! I withdraw 40% of profits to my bank account every Monday, and let the rest continue to grow.
There’s a trick to reading candlestick charts, for short-term trading, focus on the 1-hour chart,
If the price rises continuously for two hours, go long; if it’s stagnant, switch to the 4-hour chart to find support, and enter when it drops nearby.
Avoid these pitfalls at all costs:
Don’t use leverage over 10x (newbies should stay within 5x)
Avoid Dogecoin, Shitcoin, and other altcoins, make a maximum of 3 trades a day; trading too much can lead to addiction, absolutely do not borrow money to trade cryptocurrencies!
Remember, trading cryptocurrencies is not gambling; treat it like a job, clock in and turn off the computer at the right time, eat and sleep as needed, and the money will come in more steadily.
Unsure about the market? Follow the Gongzhong number (Crypto General Instructor) to learn more about techniques and news.