There is a very foolish way to trade cryptocurrencies that almost guarantees 100% profit. I earned over 20 million using this method!
First: Trend-based profit-taking. Traders have their trading and capital management plans, and when formulating these plans, there should be an entry price and profit target. When you trade with the trend, as long as the position is profitable, you should hold it. If the trend remains unchanged, the position remains unchanged. When the market price reaches important support and resistance levels, pay close attention to the market's movement and use various methods to analyze whether there are signs of a trend reversal. If you believe the market has reversed, you should take profits $ETH .
Second: When you have chosen the right time to enter the market and trade according to your trading plan, and it has been proven that you are trading with the trend, you should firmly hold your position, allowing it to profit as the market changes. When adjustments occur, there is no need to panic; you should still hold your position. However, there is one situation where you must close your position: when the market price retraces to near your entry price, and your position's profits are nearly all gone, you must take profits and exit $ETH .
Third: When you trade with the trend and hold a position with substantial profits, and you are very worried that the market may adjust or the market price has approached support or resistance levels, you can also adopt a gradual profit-taking strategy to avoid risk and expand your gains. For example, if you have established a short position and the market continues to decline, and your position has substantial profits, when the market price drops to a historically significant resistance level, you can reduce your position by 1/3 or half, continuing to hold the remaining position while observing the trading situation near the resistance level. If the price breaks through the resistance and continues to decline, you should restore the position you have closed; if there are signs of a trend reversal near the resistance level, you should close all positions and take profits $BTC .
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