I used the dumbest method for trading cryptocurrencies, and my win rate is close to 100%! (A must-read for all cryptocurrency traders)
1. Sudden drop verifies true value: If the market crashes and the coins you hold only slightly drop, it indicates that the market makers are defending the price, not wanting it to fall further. You can hold onto such coins with confidence; you will definitely make money in the future.
2. Simple tips for beginners: If you’re new and don’t know how to trade, the simplest method is to trade short-term by observing the 5-day moving average. If the coin price is above the 5-day line, hold it; if it breaks below the 5-day line, sell quickly. For medium-term trading, observe the 20-day moving average; if it breaks the 20-day line, sell. The best method is the one that suits you; the difficulty in trading lies in the ability to stick to the execution. Don't overthink it; sticking to one method will allow you to outperform most people.
3. Smart entry during the main uptrend: If the coin price is entering a main uptrend without significant volume, buy decisively. Hold the coins during a volume increase; continue holding if it decreases in volume but the trend remains intact; if there’s a volume drop that breaks the trend, reduce your position quickly without hesitation. $ETH
4. Be decisive with short-term stop-loss: If you bought coins for short-term trading and there’s no significant movement for three days, and it declines by 5%, don’t hesitate—cut your losses without conditions; don’t stubbornly hold on. $BTC
5. Signals for rebounds after excessive declines: If a coin has dropped 50% from its peak and continues to fall for 8 days, it has entered an excessive drop channel, and a rebound will come soon. This is the time to consider buying. #CryptoMarket
6. Trade leading coins: When trading, focus on leading coins. They surge the most when rising and hold up the best when declining. Don’t be afraid to buy; trading cryptocurrencies often deviates from conventional thinking—stronger coins will get even stronger. When trading leading coins, buy high and sell even higher for short-term trades!
7. Go with the trend, don’t be greedy for low prices: Buying coins is not about getting them at the lowest price; it’s about whether it’s suitable. Don’t touch those junk coins; following the trend is the way to go. #Bitcoin
8. Review and find methods: If you make money, don’t get carried away; review your trades and think about whether it was good luck or genuine skill. Finding a stable and suitable trading system is key to consistent profits. If you have any questions, call! $BTC
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