Iron Law One: Understand market sentiment, trading volume is key

- Volume increases but price doesn't fall: If the trading volume expands but the price doesn't fall, it may be a signal to stop the decline.

- Volume increases but price doesn't rise: If the trading volume expands but the price doesn't increase, it may be nearing a short-term peak.

- Uptrends need to sustain volume: During the uptrend, trading volume must steadily increase. If it suddenly decreases or there is a large volume spike, the uptrend may end.

- Key support level volume during a downtrend: If a key level is broken with volume during a downtrend, the downtrend may continue.

Iron Law Two: Key levels determine buy and sell

- Resistance levels, support levels, trend lines: When the price touches these levels, act quickly!

- Fibonacci retracement: I use it to predict resistance and support, and it works very well.

Iron Law Three: Monitor multiple time windows

- 1-minute chart: Look for entry and exit opportunities.

- 3-minute chart: Monitor the wave situation after entry.

- 30-minute/1-hour chart: Determine intraday trend changes.

Iron Law Four: Don't rush to recover after a stop loss

- Stop loss = end of the trade: Each transaction is a new beginning, don't let previous operations affect your mindset.

Iron Law Five: Simple and practical position management method

- Three-position method:

1. When the coin price breaks above the 5-day moving average, buy the first portion;

2. Break above the 15-day moving average, buy the second portion;

3. Break above the 30-day moving average, buy the third portion.

- Strict stop loss: Sell the first portion if it breaks below the 5-day moving average; sell the second portion if it breaks below the 15-day moving average; clear all positions if it breaks below the 30-day moving average!

Iron Law Six: Have a strategy for selling

- Break below the 5-day moving average at a high point: Sell one portion first and observe the subsequent trend.

- Break below the 15-day and 30-day moving averages: Without hesitation, sell everything!

Iron Law Seven: Increased position in a stagnant market is a signal

- Increased position in a stagnant market: If the price doesn't rise and the position increases, it may be a shorting opportunity.

- Increased position in a stagnant market: If the price doesn't fall and the position increases, a rebound may be imminent.

Iron Law Eight: Focus on one variety

- Periodic focus: Operate only one variety for a period of time, continuously track it until it no longer has speculative value.

Iron Law Nine: Opportunities are always there, don't rush to recover losses

- Calm after a stop loss: Don't rush to open new trades to recover losses, each transaction is independent.

Iron Law Ten: Stick to the rules, ensure stable profits

- Rules are greater than mindset: Execute strictly according to trading rules, avoid emotional trading, and you can profit steadily.

The secret to my daily stable income of over 10,000 USD from full-time trading is these ten iron laws! If you can persist in executing them, making money in the crypto space is as easy as breathing!

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