Risk and reward coexist! But is the crypto world really one of the few opportunities for ordinary people to break the 'cycle of being busy and poor'?
From graduating at 22 to retiring at 60, with a monthly salary of 6000, taking home 5000, and not eating or drinking, one could save only 2 million in a lifetime. But what’s the reality? Mortgage, car loan, raising children, medical expenses—90% of people spend their lives in a vicious cycle of 'borrowing money - repaying money - borrowing money again'! Want to make money in the crypto world? First, remember these practical tips!
1. Choose coins wisely, use indicators as your eyes.
Use MACD to find entry points; only buy coins with a golden cross above the zero line! Back then, SOL relied on this tactic and surged 50%, much better than buying blindly!
2. Moving averages are lifelines; retreat quickly if broken.
Keep a close eye on the 20-day moving average; if the price is above it, hold on, but once it falls below, don’t hesitate—liquidate immediately! I held on to altcoins stubbornly back then and suffered heavy losses; I regretted it deeply!
3. Make money in batches, don’t go all in at once.
Sell one-third after a 40% rise, sell another third after an 80% rise, and sell everything if it breaks the moving average!
BTC earned a fortune by rising from 80,000 to 100,000 using this strategy!
When going from 10,000 to 500,000, don't go all in at the start; first, take 30% of your position to test the waters.
If you make money, reduce your position to secure profits; if it drops and a golden cross signal appears, then add to your position! Don’t be afraid of being stuck; follow the '333 rule' to average down—sell a little as it rises, and after several cycles, you can break even!
Don’t make random moves during consolidation: high-level consolidation might lead to a big breakout, while low-level consolidation could trigger a trap—wait for clear signals before acting!
Don’t be too eager: 80% of losses come from reckless operations during consolidation; if there are no opportunities, just relax and don’t become the fool!
Buy against the market: bottom fish when the market is quiet and run when it’s lively—only by doing the opposite of most can you make money!
Watch for bearish speed: don’t touch slowly declining assets, but seize the moment during rapid declines! The traps created by panic selling often hide big gains!
Build your position in batches: first buy 10% to test the waters, add to your position after a 5% rise or fall, and average down to stay calm!
Don’t chase rising or falling prices: after wild fluctuations, there will definitely be consolidation; impulsive actions at this time are just giving away money!
Don’t let the market dictate your actions; set rules and stick to them!
Don’t expect to get rich overnight; slowly accumulating compound interest is the true way to wealth!
I am Angel, skilled in medium to short-term contracts and medium to long-term spot strategies. For detailed strategy teachings, contact @Angel.