How can a beginner profit in the cryptocurrency market?

With a steady approach, monthly returns can reach 70%. I would like to share my insights; if you find it helpful, please give a follow!!

1. Divide your capital into 5 parts, and only invest one-fifth at a time! Control a stop-loss of 10 points; if you're wrong once, you only lose 2% of your total, and after 5 mistakes, you lose a total of 10%. If you're correct, set a take-profit of 50 points or more.

2. Cryptocurrency contracts: Simply put, it's about going with the trend! In a downtrend, every rebound is a temptation to go long, and in an uptrend, every drop offers an opportunity! Is it easier to make money by bottom-fishing or by buying on dips? You know in your heart!

3. Avoid coins that have rapidly surged in the short term, whether they are mainstream or altcoins; very few can sustain several waves of major uptrends. The logic is that after a short-term surge, continuing to rise becomes challenging. When prices stagnate at high levels, they will naturally decline later; it's a simple truth.

4. You can use MACD to determine entry and exit points. If the DIF line and DEA cross above the zero axis, it's a reliable entry signal. When MACD forms a death cross above the zero axis and moves downwards, it can be seen as a sell signal.

5. I don't know who invented the term 'averaging down,' but many retail investors have stumbled and suffered great losses because of it! Many people keep adding to their positions as they lose more, which is very taboo in trading; it puts you in a precarious situation. Do not add to your position when you're in the red; add when you're in profit.

6. Volume-price indicators are paramount; trading volume is the lifeblood of the cryptocurrency market. Pay attention to significant breakthroughs in volume when prices consolidate at low levels, and decisively exit when volume surges at high levels.

7. Only trade coins that are in an upward trend; this increases your chances of success and saves time. If the 3-day moving average turns upwards, it's a signal for short-term rises; if the 30-day moving average turns upwards, it's for medium-term rises; if the 84-day moving average turns upwards, it's for major uptrends; and if the 120-day moving average turns upwards, it's for long-term rises!

8. Insist on reviewing each round, checking if your holdings have changed, and technically assessing if the weekly candlestick trends align with your judgments, as well as whether there has been a trend change. Adjust your trading strategy in a timely manner.