There is a simplest method for trading cryptocurrencies in the trading circle, currently with a win rate of nearly 99%! A must-read for all traders!

In the cryptocurrency market, major news often accompanies significant market movements. Trading in the cryptocurrency space is not gambling; it requires a clear mindset. Here, I summarize four key trading techniques for cryptocurrency investment, hoping to help everyone.

First Technique: Recognize Trends: Going with the trend is the key to success in any investment or financial management. Therefore, the first technique is to "recognize trends." Trends are a medium to long-term concept, representing the direction of price changes over an extended period, including three directions: upward, downward, and consolidation. Thus, once you identify the trend, using the traditional method of "buy low and sell high" is very prudent. If you wish to "chase highs and cut losses" against the market, you must focus on short-term trading.

Second Technique: Wait for Entry Points: "Waiting for entry points" is the second technique that must be mastered. Investors can use methods such as the Fibonacci retracement method or trendline entry methods to achieve this. There are no superior or inferior methods; it is only a matter of what suits the investor's operations and convenience.

Third Technique: Find Targets: "Finding targets" is the third technique. Investors can also use the Fibonacci retracement method to achieve this; a target is just a target, it may not be reached, or it may be exceeded. Sticking rigidly to a target is not advisable; the key lies in the choice after achieving the target: should you close the position or hold it? This depends on the "momentum".

Fourth Technique: Take Profit and Stop Loss: "Taking profit" and "stop loss" are actually two techniques, but they are inseparable and complementary, thus can be regarded as one technique. Developing strategies for taking profit and stopping losses is crucial for investors. "Why take profit?" Although this may be challenging for investors with a strong speculative mindset, in a one-sided trend, it is the only means to maximize your profits. If you do not take profit, and the market changes suddenly, you will incur high costs and may even miss out on a significant market opportunity. The determination of the take profit price should be adjusted constantly with price fluctuations. During an upward trend, use the previous day's closing price as a reference. In a consolidation trend, minimize taking profit and take the initiative to close positions.

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