I have been trading cryptocurrencies for 6 years, making 70 million, you must try the crypto world; if you can't make money in this circle, ordinary people will have no chance in their lifetime.
Trading methods:
1. Buy mainstream valuable coins in large quantities, spot (do not engage in contracts), regardless of whether they rise or fall, just hold them for the medium to long term, based on the entry price, and use the rolling position strategy (adding or reducing positions).
When the market crashes, don’t panic if the four-hour chart doesn’t break the 20-day line; there are several reasons:
a. Contract explosion: If you don’t have the skills, don’t easily play with contracts; the data is completely different from spot. Protecting the principal is necessary to continue enjoying the benefits of a bull market!
b. Demand for pullbacks: After a surge in mainstream valuable coins, if there is a high opening with a gap above the 5-day line, there will generally be a pullback to the 5-day line or even the 10-day line before gaining energy to continue rising!
c. Cutting leeks: Retail investors love to chase highs and sell lows; after retail investors chase high, the big players will quickly drop prices to scare retail investors into selling their positions.
2. For profitable positions, reduce positions in advance or sell in batches at high points to lock in profits;
3. Pre-set orders in batches at the 5-day line, 10-day line, and 30-day line to buy at low positions.
4. Use the life line trading strategy to judge the trend of rises and falls; if the trend changes and effectively breaks down, reduce positions in a timely manner when it pulls back to the life line.
5. When there is a surge, you must have risk awareness; do not blindly chase highs. During a crash, be aware of opportunities and buy in batches at low points.
6. For profitable positions, reduce positions appropriately to avoid rollercoaster trading; for bottom-fishing positions, it's recommended to set stop-losses to protect the principal.
7. If the direction is unclear, it is better to miss out than to make a mistake. Protecting the principal allows you to smile longer.
8. New members entering the crypto world should not rush to make money, and definitely not be greedy; first, study and follow trades seriously, practice skills with small amounts of capital, familiarize yourself with the rise and fall patterns of digital currency trading, and find the trading feel to reduce transaction costs during learning and practice!
If you are also a tech enthusiast and are diligently researching technical operations in the crypto world, you might as well follow Gong Hao, "Crypto General Instructor," to get the latest crypto intelligence and trading skills.
