Having learned this dumbest way to trade cryptocurrencies, from now on, in the crypto world, it's like having a cheat code, with a green light all the way, just because I firmly grasp the following 10 rules:
1. As long as a strong coin has dropped for 9 consecutive days at a high position, be sure to follow up in a timely manner.
2. Any coin that has risen for two consecutive days must have a timely reduction in holdings.
3. Any coin that has risen more than 7% has the opportunity to continue to rise the next day; it can be observed further.
4. Strong bull coins must wait until the pullback is over before entering the market.
5. If any coin has been flat for three consecutive days, observe for three more days; if there’s no change, consider switching.
6. If any coin fails to recover the cost price from the previous day the next day, it should exit in a timely manner.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. Coins that have risen for two consecutive days should be bought on dips, and the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume can be considered the soul of the crypto world. When the price breaks out at a low level during consolidation, it needs attention; when there is a large volume stagnation at a high level, one should decisively exit.
9. Only choose coins that are in an upward trend for operation; this way, the odds are the greatest, and time will not be wasted. The 3-day moving average turning upwards indicates a short-term rise; an upward turning 30-day moving average means a mid-term rise; an upward turning 80-day moving average indicates a main upward wave; an upward turning 120-day moving average indicates a long-term rise.
10. In the crypto world, small funds do not mean no opportunity. As long as you grasp the correct method, maintain a rational mindset, strictly implement strategies, and patiently wait for opportunities to come, you can also achieve a reversal of wealth in this land full of opportunities.